TradingEdge for Jan 7 - Breadth thrusts, sentiment reversal, Nasdaq suffering, energy rally
This week, stocks relaxed following what had been a historic breadth thrust amid impressive short-term participation among S&P 500 stocks. We saw positive reversal signals in equity volatility and sentiment, even though nearly 40% of Nasdaq stocks have been cut in half. Sentiment is weak on the yen, as investors clamor to buy energy stocks.
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