Tuesday, December 22, 2015 10:54:39 PM
Submitted by Tyler Durden on 12/22/2015 16:22 -0500
http://www.zerohedge.com/news/2015-12-22/beneath-markets-shallow-surface-ugly-picture-emerges
Breadth Breaking Bad-er with every passing day.
As Citi's Matt King explained over the weekend "the equity rally has become increasingly narrow: as our equity strategists like to say, 'Bull markets narrow; bear markets broaden'.”
It doesn't get much 'narrower' than this:
The "Arms Index" or "TRIN" is a technical analysis indicator that compares advancing and declining stock issues and trading volume as an indicator of overall market sentiment.
Do you still believe in market Christmas miracles?
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