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Market Breadth Analysis
Market commentary is provided in the first chart and a summary of recent MTI signals can be found in the second chart. The charts that follow are for each of the individual indicators that make up the Composite.
Breadth Indicator: Measures the percentage of stocks above their 20-day mov avg
12/15/2016 -- Ever since the bottom in February each rally in stocks has witnessed the % of stocks above the 20-day mov avg climb above 65 -- a bullish configuration. This indicates strong breadth and, according to how I use this indicator, a sell signal is not possible until there's a negative divergence such that this indicator peaks below 65.
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