Sunday, November 15, 2009

Market internals review

Hi traders,
Here I gathered some market internals charts, you know I use them very frequently since they usally lead externals components such as price. As you can see we have meaningful devergences among all of them which favors an upcoming pullback down or even a initiation of a down leg. In any case they favor the bearish case .
Also notice that Nasdaq is weaker and leading the path, so keep an eye on it next week.

Bullish percent on SPX making a new weekly low



Mc Os pulling down clearly




NYHL





NASDAQ internals:








As well as BPSPX it has made a weekly new low.