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

Thursday, November 10, 2022

Saved by the CPI

 Both the DJIA and SPX reversed at key inflection points.

The 200 dma and 32500 remain the bull/bear divide for the DJIA:













while the CPI fueled rally propelled the SPX to the upside weekly target:













Following today's extreme breadth readings, the rest of the week likely to be spent digesting the gains.

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.