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

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

% of NASDAQ Issues on MACD Buys

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.”


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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

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