Modest weakness in Bullish Percents
Posted on Friday, April 11th, 2008 | In Current Market News
Contributed by: Declan Fallon (http://www.zignalsblog.blogspot.com) -
There is a sense things are getting a little toppy in the Bullish Percents. The S&P Bullish Percents have moved to a ‘Sell’ trigger at a resistance level marked by December highs. Unlike December, the S&P is above its 50-day MA, so it may simply be a blip on the road to higher levels. But it is a warning sign:
Bullish Percents for the Dow and Nasdaq were flat and haven’t yet marked future weakness.
Last 5 posts by Declan Fallon
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 About Declan Fallon (http://www.zignalsblog.blogspot.com)
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website. It's our job at Zignals to give market participants all the information they need to make informed decisions; both fundamental and technical. |
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