GOLDEN 5 BREADTH & Sentiment

This is our McClellan Summation and Osc. (bottom 1/3rd) combined with an STORSI on the Summation INDEX. This has all been applied to our MUST HAVE INSTITUTIONAL/ FUND MANAGER PORTFOLIO.
Don't get confused by the technicalities. The purple SUmmation Index is deeply Overbought, the blue STORSI (middle portion of the chart) has turned and the OSC (green line) sports a lower high (neg.Divergence !!).

Conclusion: It can't get better for the bearish case!!

Here again our standard breadth chart covering our Institutional BUYING and SELLING PRESSURE (bottom) compared to the 20day NEW HIGHS an NEW LOWS.
Both show lower highs in both categories = weakening rally !!

Also pls find our 2 classic version of our VIX OSCilators, which both show lower highs that do not support a healthy rally. Have also a close look how both OSCs have behaved last fall/early spring when both displayed higher lows in spring and thus signalling a rally.....

Bottom Line:

the rally is..

• unhealthy
• weakening
• with deteriorating participation (look at the insane volumes of CITI & AIG and what % they represented of the overall Volume on those days last week. Those "sickos" can not lead a healthy rally!!!)