Wednesday Outlook: Bears in Command
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“Put your seat back forward.”
Well, my travelin’ days are over for awhile. When boarding the plane in LA to return I noted with sadness George Carlin’s passing. And, when the flight attendants gave the above noted obligatory command I couldn’t help but remember his irony: “How do you do that?” he’d joke.
R.I.P., George.
So, what’s been goin’ on while travelin’? For us conferences, interviews and panel discussions while for Mr. Market, more selling.
To say the market is oversold is an understatement, especially with the cumulative negative breadth. [Again, forgive Yahoo Finance’s math… they know not what they do.]
The cumulative negative breadth is what feeds the McClellan Oscillator’s reading.
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