Sunday, April 28, 2013

ShadowTrader Sector Trend Scores

After six consecutive trading days with bullish ShadowTrader Sector breadth, Friday's sector breadth of moderately bearish. Sixteen of twenty five sectors closed lower helping to reduce the overbought conditions of the broad market. Two sectors remain overbought. These are XOI which has closed higehr seven consecutive days and $DJUSHB which has closed higher six consecutive days. It is also notable that both UTY and TOB are close to being overbought with four consecutive higher closes each.