Daily Report : Energy's recovery attempt; A breadth thrust that wasn't


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-04-02 at 21:31:00 CDT

Energy stocks haven't set a lower low for a couple of weeks, staging one of the largest recoveries since 1926. Wall Street hasn't been buying it, as ratings agencies keep downgrading companies in that sector.; Last week, buying pressure was overwhelming for 3 sessions. Because it was a short spurt, it wasn't enough to technically trigger a gold standard of a Zweig Breadth Thrust. It just barely missed the cutoff, but when we look at adjusted criteria, that might not matter.


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