Financial News
The breadth thrust controversy
March 23, 2022 at 16:20 PM EDT
Mid-week market update: The strength of the rally off the mid-March lows has been breathtaking. Ed Clissold of NDR Research pointed out that the market experienced several breadth thrust buy signals. The % of stocks above their 10 dma surged from under 10% to above 90% in a short time, which is historically bullish. He also observed that their version of the Zweig Breadth Thrust model using a common stock only universe also flashed a buy signal last Friday.
That's where the controversy begins.
The full post can be found here.
That's where the controversy begins.
The full post can be found here.
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