We’re observing signs of improvement in the market, with theMarket Momentum trackerturning positive over the past few trading days and thebreakdownnarrowing. Both short-term and mid-termtrend indicatorsare showing signs of improvement.
However, the overall market remains in negative territory, as most indicators continue to show bearish signs. For example, only37% of stocks are above their short-term trend,and thebreakoutare still outnumbered by breakdown—a trend that has persisted since August.
In a notable development, theglove stocksmade significant progress today, with the entire sector up10% in a single day.