Market Breadth Data******************************

Friday, January 08, 2016

$QQQ and January Pattern

It is worth noting that the Qs started January '15 in a similar fashion -- with 6 consecutive lower closes:

The Qs are back at Square One, currently testing the very same levels (dotted horizontal red line).
109 of the SP500 and 27 of the NDX100 stocks show a similar pattern of consecutive declines, a phenomenon that usually occurs only once or twice a year.
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