Wednesday, November 24, 2021

 Thu. p.m. 25/11/21.  XJO finished a little higher today, once more in choppy trade.


The XJO continues to sidle sideways in a directionless trend.  That is unlikely to change tomorrow as the American markets are closed for Thanksgiving.

Today, NewHighs-NewLows broke a two-day streak of negative readings, but the Cumulative NH-NL remains precarious.

Advances-Declines was again negative.  That's now a five-day losing streak.

XXJ (Financials) was the big drag on the market today, down -0.9%.


XXJ is in a medium-term bearish trend.  Positive divergence on the CCI suggests we could see a counter-trend rally in the near future.


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