Monday, January 05, 2009

Shifting sentiment shown in trend distribution

The market remains in a Bearish long-term trend, but the fact that a full 60% of NYSE stocks are now sporting a Stock Trends Weak Bearish indicator suggests, if the constellations align, we could be in for a more hopeful year ahead. The TSX, too, has its share of stocks now in a more promising trend category, with 35% of trending TSX stocks now categorized as Weak Bearish.
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