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	<title>IndexIndicators.com » Editorial Content &#187; Market Commentary</title>
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		<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 13:08:55 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[US Markets]]></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>
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		<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 21:09:06 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[Market Commentary]]></category>
		<category><![CDATA[US Markets]]></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>
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		<slash:comments>0</slash:comments>
		</item>
		<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 09:54:33 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></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>
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		<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 15:35:31 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></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>
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		<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 15:46:25 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></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 12:21:57 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></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>
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		<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 13:34:59 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></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 15:12:26 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></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>
		<wfw:commentRss>http://www.indexindicators.com/content/will-the-market-pause-and-move-down-or-up/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market Internals Then and Now</title>
		<link>http://www.indexindicators.com/content/market-internals-then-and-now/</link>
		<comments>http://www.indexindicators.com/content/market-internals-then-and-now/#comments</comments>
		<pubDate>Mon, 03 Mar 2008 15:10:19 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Market Breadth]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/market-internals-then-and-now/</guid>
		<description><![CDATA[On February 5th, the S&#038;P 500 declined by 44 points. On February 29th (Last Friday), it declined by 37 points. So, what happened to short term market internals then and now?
Time-based comparisons of market internals helps uncover the nature of the move, or the general levels of conviction among traders, which incidentally, have not change [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Breadth Indicators in Unhelpful Territory</title>
		<link>http://www.indexindicators.com/content/breadth-indicators-in-unhelpful-territory/</link>
		<comments>http://www.indexindicators.com/content/breadth-indicators-in-unhelpful-territory/#comments</comments>
		<pubDate>Thu, 21 Feb 2008 19:31:33 +0000</pubDate>
		<dc:creator>Mo Shaarani</dc:creator>
				<category><![CDATA[US Markets]]></category>
		<category><![CDATA[Breadth]]></category>
		<category><![CDATA[Market Breadth]]></category>
		<category><![CDATA[Momentum]]></category>

		<guid isPermaLink="false">http://www.indexindicators.com/content/breadth-indicators-in-unhelpful-territory/</guid>
		<description><![CDATA[Some of the most profitable trading strategies depend on correctly predicting price reversals. Luckily, there are plenty of statistical tools to help us anticipate these reversals with reasonable objectivity. The market this week, however, did not lend itself to such analysis.
Price reversals are more likely to happen when breadth indicators are registering extreme readings in [...]]]></description>
		<wfw:commentRss>http://www.indexindicators.com/content/breadth-indicators-in-unhelpful-territory/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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