Mixed Signals Should Be Resolved
11/16/2009 10:19 am EST
The stock market has been quite choppy lately as illustrated by the seesaw pattern in the NASDAQ's McClellan Oscillator. Divergences in the market internals indicate the trend is weakening, but there is no downside momentum for a sell signal yet. The Oscillator has reversed to positive, so today's closing A/D numbers may determine the week's trend.