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Does it seem like many stocks broke trend?

Posted by Darcy2 
Does it seem like many stocks broke trend?
May 07, 2013 02:31PM
Just wondering if this might be a signal for the year to come or is it just me?

Ideas?
Re: Does it seem like many stocks broke trend?
May 07, 2013 02:39PM
Broke trend to head south?
Re: Does it seem like many stocks broke trend?
May 07, 2013 02:48PM
Treading carefully!!!
Re: Does it seem like many stocks broke trend?
May 07, 2013 03:00PM
Using the RTT stats on the trends it just seems like a lot of stocks broke their trend this year. I am wondring if it is just me who see this?

As far as heading south I wouldn't say that but it sure looks like some stocks are way too high. And there is a gap that needs closing on the Nasdaq and S&P 55 futures chart.
Re: Does it seem like many stocks broke trend?
May 08, 2013 10:50AM
Take a look at a monthly chart of the DOW or S&P. Triple top?
Re: Does it seem like many stocks broke trend?
May 08, 2013 12:03PM
I went and looked changing my candles to a line chart and looked at monthly S&P, DOW saw triple tops and double tops but the mkt went down and then came back up breaking the tops for new highs. I think for now the mkt is hot but looks like it is slowing. It just seems like that.

You have a double top on S&P daily (4/11 and 4/30) Several sideways moves on Daily DOW.

It just seems as though many of the RTT stocks broke trend.
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