Saturday, August 9, 2014

Bull Bear Battle

The Market Trend Model ( remains decidedly negative as bulls and bears battle for control of the market.  

Some market internals are seeing lower levels that have not been seen in months.  The high-low index ( has been falling steadily since June and is at multi-month lows.  Also, the Nasdaq advance/decline volume ( along with the NYSE advance/decline volume ( remain in negative territory and they have yet to show that capitulation spike that is so common with a market bottom.

I expect the battle to continue as bulls and bears search for market equilibrium.