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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