#NQ_F, 1d
Nasdaq's breadth indicators have rebounded from oversold levels into neutral territory during the last 2 weeks, leaving room for renewed weakness.
The Nasdaq’s Bullish Percent Index is one example: it’s no longer oversold, and there’s plenty of room for it to fall.
November to remember.
We know that the usual sentiment surveys (II and AAII) have shown caution, but what investors say is one thing but what they do is another. As such, the Vicker’s insider buying/selling ratio shows that corporate insiders are now buying. That historically has been a bullish signal.