It can be read here: http://atmcharts.blogspot.com/2013/07/correction-warning-signs.html
The market has been resilient as funds keep flowing into equities. Although we still see reasons to be cautious on the markets, we've seen this all year, and a stock by stock approach has been the way to play the market. Here are the updated charts:
NYAD topped at the prior high and has moved lower since.
Put call ratios have stayed very low. Notice that this measure of CPCE hasn't reached the May low yet.
NASI pushed to mega overbought territory. That's longer term bullish.
BPNYA broke the resistance line, but is now diverging with the May highs.
30 Day NYMO has broken resistance and looks much more constructive.
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