Friday, July 2, 2010

Percent of Stocks Above 50 Day Moving Average Back to March 2009 Lows

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]

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