Market shows indecision about power of the current Uptrend. The "UPTREND UNDER PRESSURE" desgination indicates "CAUTION SHOULD BE TAKEN" - This UPtrend is showing weakness.
>>>>>BE SURE TO LOOK AT THE TABLE after Market Factors below >>>> "MARKET ACTION OVER THE LAST 20 MARKET DAYS" for growing signs of market weakness.
Here's the last 20 days of Nasdaq price-volume action. NOTE THE RIGHT-MOST COLUMN - only 3 of the last 12 days of the new Uptrend have "price-volume action" consistent with a Downtrend.
>>>>>>>>>>>> BUT (bad news) The market had two of those "Downtrend" days in the last four market days! Can you say "density?"
Footnote to the MARKET ACTION table above: 10/25 hit new high Nasdaq price in the last 20 trading days. If the price or index moves less than +/-0.2%, the day is not showing enough of a price or volume move tobe either a consistent with an Uptrend or a Downtrend day. Just think of it as a “sleeping” day!
>>>>>> Here’s some encouraging news. Look at the table below – Note the percentage of"A" and "B" stocks continues to grow - from 26% to 42% over just the last 4 weeks!
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