« How The Best Have Done | Main | A Positive Breadth Reading »
Friday
Feb292008

Financials 10-Day Advance/Decline Line

DateFriday, February 29, 2008 at 04:49AM

Below we highlight the 10-day advance/decline line of the S&P 500 Financials sector.  This indicator measures the average daily number of advancers minus decliners over the last 10 days.  When the indicator moves into the red zone, breadth is considered overbought and vice versa for the green zone.  One thing we have noticed for the Financials is that each subsequent low reading has been higher than the previous one.  This is a bullish sign for a sector that currently has a lot of unknowns.

Financialad

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.

CommentPost a Comment | | | Print ArticlePrint Article |
in

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Alert
Comment Sent to Moderator
Due to the inordinate amount of spam comments posted on our site recently, we are now forced to approve comments before they are posted on the website. We apologize for any inconvenience this may cause.

Notify me of follow-up comments via email.