The Percentage Of Stocks In A Bear Market Keeps Growing
% of stocks above 200 dma
Similar to 2011 but even weaker
2011 featured a head and shoulders top with a steep right shoulder into a -20% plumb line drop. This is a head and shoulders top with a right shoulder overthrow melt-up high into an historically unprecedented collapse...
Most of the selling has already taken place. "Leadership" is from small regional banks enjoying a headfake reflationary rally deja vu of 2008, and left-for-dead cyclicals...
Price / volume:
On balance volume
On-balance volume (OBV) is a momentum indicator that uses volume flow to predict changes in stock price.
