Monday, January 30, 2012

Dax sentiment 30.1.2012

Few updates

Stock performance has deteriorated lately. However, only 2 stocks has negative 20 day performance.

The performance of individual stock in a basket vs. index has been showing a short term market top lately.

McClellan Summation Index is still pointing up, but may be topping soon. If we get at least 27 declining stocks (close to close) today, then the indicator will turn into bearish territory.