Tue. p.m. 11/1/22. XJO falls heavily.
XJO was down today -0.77%.
The short-term trend is down. The medium-term trend is sideways. The long-term trend is up.
At this stage, the XJO seems to be finding support at the 50-Day MA, so we could see a bounce here.
Breadth was poor today, with 10 out of 11 sectors falling. The only positive sector was Materails (XMJ) which only managed a +0.03% rise today. Not that encouraging. Declining stocks -834 outpaced Advancing stocks +597. (My provider of data for Advancing Stocks and Declingin Stocks has had problems posting these results for a couple of weeks, so my A-D Cumulative Line is currently inactive. It might take a month or so before I get meaningful results for that metric.)
I'm still looking forward to the American results tonight. A positive result should be bullish.
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