Jason Goepfert

1-28-2021 at 5:32 pm

Daily Report : A drop in uptrends under heavy selling pressure

Within only a few days of stocks sitting at their highs, a sign of internal momentum, the McClellan Oscillator, is already well into oversold territory as the percentage of S&P 500 stocks above their 50-day averages plunges by more than 20%.

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