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	<title>IndexIndicators.com » Editorial Content &#187; Market Commentary</title>
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		<title>This Indicator Says There&#8217;s Possible Weakness Ahead</title>
		<link>http://www.indexindicators.com/content/this-indicator-says-theres-possible-weakness-ahead/</link>
		<comments>http://www.indexindicators.com/content/this-indicator-says-theres-possible-weakness-ahead/#comments</comments>
		<pubDate>Thu, 28 Oct 2010 14:01:17 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=150</guid>
		<description><![CDATA[The chart below shows that over the past 3 years stocks declined 3 2 out of 4 3 times when the percentage of S&#038;P500 stocks above their 20-day moving averages began to decline after having reached the 85% level (smoothed with a 20-day MA). The three two smaller ellipses show periods where the market declined [...]]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Stocks Likely to Remain Unstable Over Coming Months</title>
		<link>http://www.indexindicators.com/content/stocks-likely-to-remain-unstable-over-coming-months/</link>
		<comments>http://www.indexindicators.com/content/stocks-likely-to-remain-unstable-over-coming-months/#comments</comments>
		<pubDate>Tue, 13 Jul 2010 12:57:17 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=119</guid>
		<description><![CDATA[Renewed fears about the global economy have pushed over 50% of large cap stocks below their 200-day moving averages, a level of gloom not seen in over a year. This is evident in the chart below, which shows that only 45% of S&#038;P 500 stocks are above their 200-day average price.
Bulls do well when volatility [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/stocks-likely-to-remain-unstable-over-coming-months/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is Market Breadth Saying About Stocks?</title>
		<link>http://www.indexindicators.com/content/what-is-market-breadth-saying-about-stocks/</link>
		<comments>http://www.indexindicators.com/content/what-is-market-breadth-saying-about-stocks/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 08:08:55 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Market Breadth]]></category>
		<category><![CDATA[S&P 500]]></category>
		<category><![CDATA[Stocks]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=100</guid>
		<description><![CDATA[There has been much talk about the health of the current stock market rally, so let&#8217;s see what market breadth is telling us.
Short-term market breadth shows that the market is very overbought. This is clearly visible when we examine the number of S&#038;P 500 stocks above their 5, 10 and 20-day moving averages. However, the [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/what-is-market-breadth-saying-about-stocks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Market Bottom?</title>
		<link>http://www.indexindicators.com/content/a-market-bottom/</link>
		<comments>http://www.indexindicators.com/content/a-market-bottom/#comments</comments>
		<pubDate>Sun, 21 Sep 2008 16:09:06 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=96</guid>
		<description><![CDATA[The market action over the past week was nothing short of astonishing, resulting in a multitude of statistical oddities as far as normal market behavior is concerned.
The ratio of the S&#038;P 500 to its 20-day moving average dropped by four standard deviations and returned to its long-term mean in a single week. The 10-day moving [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/a-market-bottom/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Cautiously Optimistic, But New Lows Possible</title>
		<link>http://www.indexindicators.com/content/cautiously-optimistic-but-new-lows-possible/</link>
		<comments>http://www.indexindicators.com/content/cautiously-optimistic-but-new-lows-possible/#comments</comments>
		<pubDate>Tue, 22 Jul 2008 04:54:33 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Market Breadth]]></category>
		<category><![CDATA[Mean Reversion]]></category>
		<category><![CDATA[Put/Call Ratio]]></category>
		<category><![CDATA[VIX]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=91</guid>
		<description><![CDATA[We are finally seeing the major market indicators at levels that would justify moderate optimism, but as we&#8217;ve seen last January, when the same indicators were at comparable levels, the market rose a little and then made new lows.
The ratio of the S&#038;P 500 to its 50-day moving average is currently bouncing off extreme lows, [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/cautiously-optimistic-but-new-lows-possible/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Mean Reversion, Breadth and Sentiment</title>
		<link>http://www.indexindicators.com/content/mean-reversion-breadth-and-sentiment/</link>
		<comments>http://www.indexindicators.com/content/mean-reversion-breadth-and-sentiment/#comments</comments>
		<pubDate>Mon, 16 Jun 2008 10:35:31 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=89</guid>
		<description><![CDATA[The forces of mean reversion helped start the market decline that began in mid May, resulting in a slightly overstretched, but not a deeply oversold, market. Market breadth confirms this, but given the market behavior over the past year, we are not oversold enough yet to see a sustainable bounce but we may get a [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mean Reversion Could Cause Deceleration of Rally</title>
		<link>http://www.indexindicators.com/content/mean-reversion-could-cause-deceleration-of-rally/</link>
		<comments>http://www.indexindicators.com/content/mean-reversion-could-cause-deceleration-of-rally/#comments</comments>
		<pubDate>Wed, 07 May 2008 10:46:25 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Mean Reversion]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/?p=86</guid>
		<description><![CDATA[Over a month ago, we witnessed and abnormal expansion in market breadth, which helped predict the multi-week rally we&#8217;ve seen so far. The major indices are now between 4 to 7% above their 50-day moving averages, something that doesn&#8217;t happen very often.
The R50 indicators for the Dow, Nasdaq, SPX and NYSE are all 1-standard deviation [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Confident Buyers Return En Masse</title>
		<link>http://www.indexindicators.com/content/confident-buyers-return-en-masse/</link>
		<comments>http://www.indexindicators.com/content/confident-buyers-return-en-masse/#comments</comments>
		<pubDate>Wed, 02 Apr 2008 07:21:57 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Market Breadth]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/confident-buyers-return-en-masse/</guid>
		<description><![CDATA[Yesterday&#8217;s high-powered rally resulted in a number of classic overbought signs. Traditionally, this would be seen as a sign of weakness to come, and this may indeed be the case, but given how fast, far and broad the move was, it could be a sign of medium-term strength.
The charts below show how much the percentages [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/confident-buyers-return-en-masse/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Not Overbought Yet, But Pretty Close</title>
		<link>http://www.indexindicators.com/content/not-overbought-yet-but-pretty-close/</link>
		<comments>http://www.indexindicators.com/content/not-overbought-yet-but-pretty-close/#comments</comments>
		<pubDate>Tue, 25 Mar 2008 08:34:59 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Market Breadth]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/not-overbought-yet-but-pretty-close/</guid>
		<description><![CDATA[Recent Fed actions and deeply oversold conditions have helped create a very powerful bounce, however, it seems that the effect of these market-supporting factors may be coming to an end for now.
A quick look at S&#038;P 500 breadth shows this. The percentages of stocks trading above their 5, 10 and 20-day averages are above or [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/not-overbought-yet-but-pretty-close/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Will the Market Pause and Move Down or Up?</title>
		<link>http://www.indexindicators.com/content/will-the-market-pause-and-move-down-or-up/</link>
		<comments>http://www.indexindicators.com/content/will-the-market-pause-and-move-down-or-up/#comments</comments>
		<pubDate>Mon, 10 Mar 2008 10:12:26 +0000</pubDate>
		<dc:creator>Mo</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Market Breadth]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/will-the-market-pause-and-move-down-or-up/</guid>
		<description><![CDATA[The declines of last week have pushed the major indicators firmly in oversold territory. Conventional wisdom dictates that when this happens, we should get a bounce. But, as we&#8217;ve seen in the very early part of this year, we had similar technical conditions and yet the market broke down violently after a short consolidation.
The market [...]]]></description>
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		<slash:comments>0</slash:comments>
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