A new low for the NYAD that is. After hitting .03 an hour into the session it rebounded to .04. That, my friends, is bearish. As of this post the NYAD has just edged into .05 territory so it's got a LOT of territory to make up.First to break out to the upside today was BP, followed by a slew of other petro companies reflecting the technically uber oversold character of the sector.
I'm off for the rest of the day, hoping this will be the one day reversal (to the upside) that I've been waiting for.
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