Breadth Rolling Over

Yesterday did a lot of damage to the number of bullish stocks on the Twitter stream. It is causing breadth to roll over. This isn't the action the bulls want to see. Keep an eye on this chart going forward. If the bullish count continues to fall quickly and the bearish count starts to rise, we're likely going to see a good sized retracement of the current rally. You can see the interactive chart here.

 

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