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.
at

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.