Friday, January 22, 2010

Foreign Blend Momentum Indicator

The theoretical maximum extremes would be +41 and -41 (because there are 41 symbols comprising the Foreign Blend) but I doubt we will ever see such maximum readings. Here are the daily values since I started tallying the results at the beginning of the year:

0 is neutral, above 0 is bullish, below 0 is bearish. Yesterday came in at -6.8, so the prevailing trend can be seen as bearish now, but not drastically bearish (yet).