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Buyer Reluctance And Stock Market Exhaustion

AT40 = 59.7% of stocks are trading above their respective 40-day moving averages (DMAs)
AT200 = 49.1% of stocks are trading above their respective 200DMAs
= 14.6
Short-term Trading Call: neutral

Commentary
Here we are again…again. In the last Above the 40 I observed “the stock market looks like it is breaking free, but there are major caveats which keep me wary and sitting on a neutral short-term trading call.” One of the major caveats reared its ugly head: AT…
NASDAQ News

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