We've seen the market indexes nearly fall off a cliff this past week ending 7.29.11, which raises the question; are they oversold? If we look at them from a positive divergence perspective there may be one beginning to show between the Accum/Dist to PPS and the IWM shows it more clearly than the QQQ, SPY, or DIA. They each follow closely otherwise and it is not easy to catch a potential reversal developing by more than a day or so.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.