Leadership Stocks Went into Negative Territory ...

By: Marty Chenard | Wed, Jun 11, 2008
Print Email

Every night, we crank our computers up as they look at every stock trading $2 or higher on every exchange.

We get a count of the Very Strong Leadership stocks and a count of the Very Weak Stocks in the Broad Market. From this data, we subtract the number of Very Weak Stocks from the number of Leadership stocks.

The result shows if Leadership stocks are growing faster than the broad market (a rally condition), or if Leadership stocks are falling relative to the broad market (a negative condition). (In market corrections, the Strong to Weak number goes Negative indicating that Weak Stocks have outnumbered the number of Strong Stocks.)

On Friday, June 6th., the Very Strong Leadership stocks went Negative. (They were outnumbered by the number of Very Weak stocks.). Friday's negative down move on this ratio was a negative for the markets. (More extensive charts on this are found on our paid subscriber sites, including whether or not Institutions are in Distribution or Accumulation now. Institutions typically move to Distribution BEFORE the Very Strong Leaders move to a negative condition. - This chart and study will not be posted again for a month on this Free site.)

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2014 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/