Cobra's Market View Private Messaging System shows:
One trick today: 29 out of 42 times (69%) a green day after a Major Distribution Day (NYSE Down Volume to NYSE Up Volume ratio >= 9) which is today.
The bottom line, although bulls still have hopes but I also see a bad sign today. So the picture to me is rather mixed, even though officially the trend is still down. I’ll talk about all those in tonight’s report.