The way my Zweig Panel is setup the left screen is “Markets” All Stocks, NYSE, Nasdaq, Amex and the right side or Indices SP500, DJIA, NAZ100, RUT.
The Index based Zweig Breadth (which is the 10 day moving average of the % of shares advancing) all all below the 40% line. The Russell has not stayed more than 1day in the oversold region since the March lows.. Today was day number 2 although for most of the day it was above, today’s weak close pushed us back down. We should rally from these levels but get the indicator to move up we need to replace bar-10 with a stronger A/D line and 10 days ago the A/D lines were pretty strong.
