As this weekly chart shows, the T2108 has continued the decline that began 4 weeks ago. As of Tuesday’s close, 49% of NYSE stocks closed above their 40 day average price. Declines usually end when this indicator falls below 35%. This is the post earnings release lull we expected. I expect a bounce at the end of the month and a rise when earnings are released again in mid April.
Why is natural gas (GAZ) rising on its highest volume ever? I own some of this commodity ETF.