Indicators the Disciplined Investor is Watching Feb 8
Monday brings us another quick update of the “Indicators the Disciplined Investor is Watching” from Andrew Horowitz.
The February 8th update is entitled, “Oil Appears Oversold… For Now” and includes a quick overview of key index charts to watch.
The above charts are a sample of the report, and clicking the image will link you to today’s post.
Today, Andrew discusses the sell-off and Friday bounce of crude oil while viewing volume and other internal indicators.
In the volume chart, Andrew writes:
“The Low-Volume Rallies and High-Volume Sell-offs are a sign of Institutional Distribution.”
He also notes the New Lows (difference) forming in the $NAHL NASDAQ market indicator.
These are always helpful ways to start off your week with a quick glance at a few key charts.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade