Will Rahal

Market Breadth Back to Lows

The Advancing minus Declining Volume line has also broken to new lows.
This does not bode well for the stock market, and confirms that my economic indicators pointing to a recession are valid.
Despite the tax rebate the ratio of ND/Durable Goods consumption keeps rising, allowing for less discretionary spending needed to stimulate the economy

See

wrahal.blogspot.com/20...