Subject: Re: Market Trend Indicators 4/19/24
For those interested in such things... an update.
* While still bearish overall, this week's score went from -6 to -3. PAMA 200 and PAMA 20 improvements.
* PAMA 50, PAMA 200 and the bullish % rose a bit, flattening out the slope of the downtrend.
* the daily PPOs went from -.8 to -.1 - while still negative, improving - reflecting this week's pausing the short term downtrend and going up a little.

My interpretation: the little tantrum over interest rates & inflation may be done. The indexes appears to have stabilized overall.

Then again, of course, I could be wrong.

FC