19/7/22. XJO down moderately today.
XJO was down -0.56% today, but remains in its sideways consolidation pattern. This can go either way.
Energy +2.4%, and its partner in crime Utilities +1% were the only sectors up today.
Breadth, despite the fall in the broad market, was neutral. 648 stocks rose, 657 fell. That's a slight bias to the downside, but not much in it.
Advance-Decline Cumulative remains bullish with the 10-DMA above the 20-DMA.
NH-NL remains below its 10-Day MA.
Until we see NH-NL rise above the 10-Day MA, I'd remain cautious.
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