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The Fat Pitch: Weekly Market Summary

http://fat-pitch.blogspot.ca/2014/07/weekly-market-summary_18.html 

Breadth has not been strong over the past several weeks. With SPY trading near its ATH, NYMO has been negative. Yesterday's sell off pushed NYMO to -64. Normally, a low NYMO like this occurs after a few weeks of selling, and it marks a low. That's not the case here as SPY started the day near its ATH. The number of similar instances is low, but in the past, this set up has led to further selling.

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