Several of Lowry's indicators have shown coinciding and supportive trends since the market's low last month. This includes a gradual but consistent improvement in Lowry's Buying Power and Selling Pressure Indexes, which resulted in an intermediate trend buy signal on November 24. However, despite the forceful rally in mega-cap-dominated indexes, many crucial market health indicators in Lowry's analysis have demonstrated significant lags.
Lowry Mid-Week Commentary, November 29, 2023
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