Statistics for Monday December 6
Note: Statistics are compiled based on our custom symbol universe of the most heavily traded stocks.
| Symbols in Up Swings | 412 |
|---|---|
| Symbols in Down Swings | 357 |
| Up/Down Swing Ratio | 1.15 : 1 |
| Advancers | 44% |
| Decliners | 54% |
| Unchanged | 2% |
| Close > 20EMA | 44% |
| Close > 50SMA | 82% |
| Close > 200SMA | 70% |
| 20EMA > 50SMA > 200SMA (trend up) | 48% |
| 20EMA < 50SMA < 200SMA (trend down) | 9% |
Today a new down swing started in the NYSE Composite index; on the NASDAQ Composite index a single down bar in a still-intact up swing was left behind today’s trading. I note that from Friday to today the number of stocks trading about their 20 period moving average has dropped 12 points from 56% to 44%. Clearly a large part of the market is pulling back here farther than the averages would suggest.
Still, a good surge up tomorrow could cure all that. In the meantime we are on yellow-alert for a more significant pull back. It doesn’t hurt to be ready.
04.12.06 18:21 #