NTMS
The long term indicator remained HOLD Monday.
Market Internals are solidly negative, suggesting more
pain in the short term.
TRIN (the Traders Index) was high at 1.6, suggesting a
possible turnaround to the upside, but it really wasn’t high enough to do more
than hint at a reversal. A TRIN of 2.5
would give more confidence that a turn-around was underway.
I’ll post more tomorrow…er…today.
