Blog Post: 1,106 new yearly US lows and 12 new highs; put/call ratio EXTREME at 1.26, $GNRC showing strength in stormy seas, see daily chart

Indicators

  • GMI: 0/6
  • GMI-2: 2/8
  • T2108: 12%

With a p/c ratio of 1.26 the market will likely bounce.

I am watching GNRC for a short term rally. GNRC, the generator maker,  usually rises when the US is hit with a hurricane and has shown good relative strength the past 2 days. Look at the volume on Friday and Monday as it rose in a declining market.

 

 

 

 

The post Blog Post: 1,106 new yearly US lows and 12 new highs; put/call ratio EXTREME at 1.26, $GNRC showing strength in stormy seas, see daily chart first appeared on Wishing Wealth Blog.