Wednesday, April 3, 2013

ShadowTrader Sector Trend Scores

All but one of the twenty five ShadowTrader Sectors declined yesterday. The only sector to end the day in positive territory was $DJUSCL. Two sectors have now closed lower for five consecutive days. These are XNG and BKX. Two other sectors, OSX and $DJUSHB, have closed lower four consecutive days. If the broad market closes lower today, it will have reached oversold conditions by our measure.