Monday, January 14, 2008
Market trends signal downturn
Stock Trends now signals Bearish Crossovers for the S&P/TSX Composite Index, the Dow Jones Industrial Index, and the S&P 100 Index. They join recent Bearish Crossovers of other benchmark indices: the S&P 500 Index, and the Wilshire 5000 Index (See Stock Trends U.S Indices report). The price trend of these indices no longer diverges from the trend breadth of North American exchanges, represented in our analysis as the Stock Trends Bull/Bear Ratio, a gage that has signaled substantive bearish sentiment since the summer.