Daily Report : TradingEdge Weekly for May 9 - A big push off the lows, record breadth, sector strength
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TradingEdge Weekly for May 9 - A big push off the lows, record breadth, sector strength: This week, we saw that stocks have enjoyed a historically strong thrust off the lows, retracing more than 50% of the decline, with strong and persistent breadth. Advance/decline lines for major indices hit record highs, even though consumer confidence continues to crater. Cyclical sectors are dominating relative strength, and others are showing seasonal weakness. |
Smart / Dumb Money Confidence
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Risk Levels
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Research
TradingEdge Weekly for May 9 - A big push off the lows, record breadth, sector strengthBy Jason GoepfertBOTTOM LINEThis week, we saw that stocks have enjoyed a historically strong thrust off the lows, retracing more than 50% of the decline, with strong and persistent breadth. Advance/decline lines for major indices hit record highs, even though consumer confidence continues to crater. Cyclical sectors are dominating relative strength, and others are showing seasonal weakness. FORECAST / TIMEFRAME |
Sentiment Risk On / Risk Off Overview
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Indicators at Extremes
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Phase Table
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Ranks
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Sentiment Around The World
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Optimism Index Thumbnails
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