2 replies to this topic

[PrintFaster]

As ogm pointed out, we have made higher highs with a lower number of 52-week highs. Not sure how much of that is due to too many closed end fixed income ETF's in the NY Composite, but at least the Nasdaq is showing relative strength.

McClellan Oscillator has pulled back to the zero line, and the Summation Index is on the cusp of rolling over again:

Nasdaq Summation Index

NYSE Summation Index

The most important sectors I'm watching are:

http://stockcharts.c...75024364297.png

http://stockcharts.c...75024410940.png

http://stockcharts.c...75024662867.png

And we'll have to see if Emerging Markets starts to outperform or not, or continues to worsen.


http://stockcharts.c...75024512618.png

Edited by PrintFaster, 28 July 2013 - 10:18 AM.

[PrintFaster]

Here are this week's top stocks in the IBD Top 50.

Sometimes it pays to look at the "leaders" to gauge the health of the overall market.

http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png

http://bigcharts.mar...&mocktick=1.png
http://bigcharts.mar...&mocktick=1.png

[PrintFaster]

Either these are going to break out, or fail.

Both are cyclicals which pay a dividend yield of over 3%

http://bigcharts.mar...&mocktick=1.png

http://bigcharts.mar...&mocktick=1.png

Edited by PrintFaster, 28 July 2013 - 10:42 AM.