Precisely 6 days ago, the Zweig Breadth Thrust indicator was at 0.39 (thus below 0.40), having reached 0.53 at this moment.
In order for a solid rally to be sustained by sufficient momentum (to make it last at least 3 months), the ZBT indicator needs to surpass 0.615 in 10 days at most since its last reading below 0.40.
Thus, if ZBT is not above 0.615 by the 2nd...
he cant keep getting away with this. Jaws galore.
internals of QQQ dying. NVDA pop giving a good short opportunity today. Looking to see Qs resolve sideways or lower in the coming weeks
The Zweig Breadth Thrust (ZBT) is an indicator developed by Martin Zweig. The indicator shows how quickly the New York Stock Exchange ratio of advancing (number of stocks with gains) and declining (number of stocks with losses) goes from poor to great. The underlying principle is that there is a rush of liquidity in the market that benefits a wide number of stocks...
