Chart of the Week: % Nasdaq Daily MACD Sell

Technimental Research observes “Short-term indicators that have flashed accurate inflection points of late suggest the market is approaching short-term overbought levels and could make a minor top very soon. The odds of this increase with good resistance near 1,875 on the NASDAQ.”

% Nasdaq Daily MACD Sell
click for larger chart
Source: Redwood Technimentals

The red circles on the charts above highlight when very few issues on the NASDAQ have MACD sell signals. These low readings (below 20%) have corresponded to short-term peaks in upside momentum.

Random Items:
Ignore Wall St’s whining – Google’s IPO worked
It NOT the economy, stupid
Learning to live in the age of terrorism
Realistic rewards
The World in 2014 (more like 2024)
Software can’t commit piracy
Jokesters now the go-to guys for U.S. candidates

Quote of the Day:
“In democracies, nothing is more great or brilliant than commerce; It attracts the attention of the public, and fills the imagination of the multitude, all passions of energy are directed toward it.”
Alexis de Tocueville (1805-1859)

Print Friendly, PDF & Email

Posted Under