Tuesday, October 14, 2008 3:00:46 PM
A +936 rally yesterday with Leadership stocks tanking today ?
smell somethin' ?
Stock Market Timing's Daily Update
Marty Chenard
Tuesday, October 14th
Bernanke ... Paulson ... Bush, and our Government are nearly scared out of their wits. Everything is being thrown at the credit and banking problems.
The markets had a nice rise yesterday, but Institutions remained focused on the credit market and money market as their key concern.
"Leadership Stocks vs. the Broad Market" ...
The Leadership stock ratio came in at a Negative -52.37. On Friday, the Leadership Ratio was -30 and yesterday it was down to -52. The Leadership Stock Ratio actually declined ... how can the market be healthy with the broad market stocks going up, but Leadership stocks going down?
This is a non-supportive condition for yesterday's rally and suggests that things are not as rosy as most thought yesterday.
(A positive reading gives the advantage to the Bulls, and a negative reading gives the advantage to the bears.)
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smell somethin' ?
Stock Market Timing's Daily Update
Marty Chenard
Tuesday, October 14th
Bernanke ... Paulson ... Bush, and our Government are nearly scared out of their wits. Everything is being thrown at the credit and banking problems.
The markets had a nice rise yesterday, but Institutions remained focused on the credit market and money market as their key concern.
"Leadership Stocks vs. the Broad Market" ...
The Leadership stock ratio came in at a Negative -52.37. On Friday, the Leadership Ratio was -30 and yesterday it was down to -52. The Leadership Stock Ratio actually declined ... how can the market be healthy with the broad market stocks going up, but Leadership stocks going down?
This is a non-supportive condition for yesterday's rally and suggests that things are not as rosy as most thought yesterday.
(A positive reading gives the advantage to the Bulls, and a negative reading gives the advantage to the bears.)
*** Feel free to share this page with others by using the "Send this Page to a Friend" link below.
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