We're definitely 'oversold'. This measure is not only below the worst of May (which in and of itself was extreme) but within a hair of March 2009 lows.
Wax on. Wax off. Student body left. Student body right. Risk on. Risk off.
[click to enlarge]
Friday, July 2, 2010
Percent of Stocks Above 50 Day Moving Average Back to March 2009 Lows
Posted by
Mark
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9:40 AM
Percent of Stocks Above 50 Day Moving Average Back to March 2009 Lows
2010-07-02T09:40:00-04:00
Mark
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Percent of Stocks Above 50 Day Moving Average Back to March 2009 Lows
2010-07-02T09:40:00-04:00
Mark
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