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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 681.44+1.6%Nov 10 4:00 PM EST
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To: GROUND ZERO™ who wrote (144806)5/2/2020 7:12:41 PM
From: Machaon  Read Replies (1) of 218674
 
GROUND ZERO™
Of all 500 SP companies, only 21.44% of them are above their 200 DMA and for the entire NYSE only 14.16% are above their 200 DMA... this is not bullish, this means this rally has been led mostly by a few heavy weights right now and my indicators are also beginning to roll over...
Thanks for your market insights!

Personally, I'm just sitting back and watching and waiting for a bottom and an entry point. If the market rallies, somehow, Monday, it'll be back to waiting and day trading.

We've got the normal unemployment numbers this Thursday. Then... employment numbers for April coming out Friday!
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