Bullish P&F Signals Outnumber Bearish Signals

Chartists can get an idea of the overall market trend by comparing the number of bullish P&F signals with bearish P&F signals. StockCharts provides this data every day on the predefined scans page. Notice that there are 87 Triple Top Breakouts on the NYSE and only 40 Triple Bottom Breakdowns. The same is true for the Nasdaq. Click on the number to see the stocks meeting the particular scan criteria.

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