Research, Technical

Lowry Market Compass: February 20, 2024

Michael Kahn, CMT, Senior Market Analyst
20 February 2024


In February, Buying Power increased and Selling Pressure decreased with the Net Percent Spread between them expanding to 18.57%. Lowry's APR Index remained unchanged and the Percent of NYSE Issues Above 30-WMAs is in an uptrend above 75%. The Operating Companies Only (OCO) Adv-Dec Line and NYSE all-issues Adv-Dec Line both recorded fresh highs on February 15. Despite a 90% Downside Day on February 13, the market saw several price indexes reach all-time highs. Although long-term momentum is strong, intermediate-term momentum suggests the bulls are not fully back in charge.

Want to learn more? Download the Report.


Fundamental Equity Research
Gain a comprehensive view of global themes, industries, and companies.

Related Insights

Lowry Weekly Sector Commentary- January 17, 2024

Lowry Weekly Sector Commentary- January 17, 2024

Smart investors wait for the right moment to seize attractive...
Read more