Technicals are strengthening
Posted Tuesday, August 18, 2015 @ 6:57 am by
Technicals are strengthening
GMI
4/6
GMI-2
7/8
WORDEN T2108
41%
GMI back to 4 (of 6) and T2108 is at 41% and is at highest reading since July 17. T2108 measures the percentage of NYSE stocks that are above their 40 day simple moving average and shows that large cap industrial stocks may have bottomed.
I am beginning to wade back into biotech stocks. I like AMGN and CELG.
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