My most recent updates were in the August 10th How Long Can This Continue? and the August 21st When Will The Selling Stop? articles. Both of these articles, published before the large drop in late August, detailed the significant number of stocks showing distribution.
I ran the analysis again this weekend. Since the Up/Down Volume Ratio averages out 50 trading days, the most recent numbers are still influenced by the August selloff. But even considering that, the number of stocks showing Accumulation has been slow to recover.
In fact, looking at this table, it is obvious distribution on the S&P 500 component stocks began back last summer. This analysis gave warning back in June that all was not well with the market – a full 2-3 months before the correction began and moving averages began crossing to the downside. And it continues to indicate the markets aren't ready to rebound towards new highs – at least not until more base-building occurs and institutional participation increases.
Of course, there's much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, please click on the following link: www.markettamer.com/seasonal
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