Just Stocks
If you have followed the mantra’s on stocks/sectors/indexes/ETF,s you know volume is the #1 confirmation factor of a price move. We’ve had 4 to 5 days in a row that US Equities have moved higher in below average volume.
Also the McClellan Oscillator is at +57 or oversold. (+60 is the point we use, but +57 is close enough)
All this indicates a reversal is very likely. This is a time to lighten up on positions.
Barr
