Extreme Conditions

The market is hitting massive extremes with regards to breadth, price, and volatility. Below is an incomplete list that illustrates just how severe current conditions are:

Take just about any of the conditions above, slice it in half, and under “normal” circumstances it would be extreme enough for a bounce a high percentage of the time.

Note: The top 3 breadth statistics come from Worden Bros. – T2106, T2114, & T2116.