City Of Philadelphia Deferred Comp ISIS Gets EBOLA VIRUS Update 2014

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Wednesday’s particularly weak market open caused a number of new sell signals within the inventory of NYSE listed stocks. By mid-day there were 55 new sell signals, and with no new buy signals within that universe of stocks. This pushed the NYSE Bullish Percent Index [BPNYSE] below 35% and to its lowest reading since October 2011. This indicator has not yet reached the 30% level, which again was last visited 3 years ago, but is now clearly within reach of that historically oversold level of demarcation.

Source: Dorsey Wright & Associates an independent and privately owned registered investment advisory firm.    

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