The ECRI weekly Leading Index, after some ugly downtrends, is showing signs of turning around.
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With a heavy short interest in the market, stocks are hardly taking the time to pause before breaking multi-month downtrends.
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But there is more than one way to skin a cat, and traders are now looking at stocks ready to break downtrends.
FORBES: Stocks Stoked With European Progress, Earnings Season
In early July, 1981 (points 5 and 6), the Industrials and Transports violated their mid-May lows and began new downtrends that lasted until the summer of 1982.
FORBES: 80-Year-Old Wisdom That Still Works
Metals are still stuck in downtrends.
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