Saturday, January 28, 2006

Bullish sentiment improves

There are 60 new Bullish Crossover stocks on the NYSE this week, helping to bring the percentage of strong bullish stocks to 47.5%. The number of Weak Bearish stocks increased to 15.3%, so the bullish sentiment will continue to improve.

The percentage of strong Bullish stocks on the NASDAQ is now 50%, with the Bull?Bear ratio at 1.4. The AMEX has 51% of trending stocks currently labelled as strong Bullish.

To see the current distribution of the Stock Trends trend indicators, go to:

http://www.stocktrends.ca/?page=stbvb&x=N
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