Thu. p.m. 2/12/21. XJO down just a little today.

 XJO finished down -0.15% after being down -0.9% early in the trading day.

XJO has seen intra-day buying coming into the market on three of the past four days.  That makes me much more optimistic about the state of affairs as the Index is also consolidating right at the 200-Day Moving Average.  That's often taken by traders/investors as the line between a bull and a bear market.  A clear break of the 200-Day MA would probably be the catalyst for a lot more selling.

The short-term and the medium-term trend remain down.

Breadth also remains a concern.  Advances/Declines came in today at 0.34% which is bearish.

Here's the Cumulative Advances-Declines chart:

It continues to fall sharply.  It might be best to see an improvement in this chart before entering the market.  But judicious nibbling at selective stocks might pay handsome dividends.