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Chart of the Week: % of NASDAQ Issues on MACD Buys

Posted By Barry Ritholtz On June 27, 2005 @ 3:03 pm In Markets | Comments Disabled

We see the number of Nasdaq issues on a MACD Buy signal have
been falling:
>

% of NASDAQ Issues on MACD Buys
Nasdaq_macd_signal_62705 [1]

Source: Redwood Technimentals

The percentage of NASDAQ issues on MACD buy signal dropped below
50 % (orange circle) – Technimentals Kevin Lane notes that “given the other
deteriorating internals we would suggest that further corrective activity is
ahead of us.”

>

Random Items:

From Bubble to Bubble [2] 

The CEO’s Secret Handbook [3] 

Who should be responsible for Corporate Pensions? [4]

Economists believe Economy will improve in 2nd half of 2005  [5]

GDP: Measuring
Consumption or Production?
 

A shrink shrugs at market trauma [6]

The Mess That Greenspan Made [7] 

>

Quote of the Day: 

"In investing, the return you want should depend on whether you
want to eat well or sleep well."

~J. Kenfield Morley


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/06/chart-of-the-week-of-nasdaq-issues-on-macd-buys/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/nasdaq_macd_signal_62705.jpg

[2] From Bubble to Bubble: http://www.morganstanley.com/GEFdata/digests/20050624-fri.html

[3] The CEO’s Secret Handbook: http://www.business2.com/b2/web/articles/0,17863,1069237,00.html

[4] Who should be responsible for Corporate Pensions?: http://www.economist.com/agenda/displayStory.cfm?story_id=4100521

[5] Economists believe Economy will improve in 2nd half of 2005  : http://biz.yahoo.com/rb/050608/economy_fed_livingston.html?.v=2

[6] A shrink shrugs at market trauma : http://www.marketwatch.com/news/story.asp?dist=&param=archive&siteid=mktw&guid=%7BF1096D0D%2DFF07%2D42D8%2D93B5%2DF63D44DF6943%7D&garden=&minisite=

[7] The Mess That Greenspan Made: http://themessthatgreenspanmade.blogspot.com/

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