D Hawkins

2
May

Distribution Expanding Out Of U. S. Equities

Posted by D Hawkins

This is an update of my March 6th post on distribution.  See that post and its preceding ones for description of the indicators I’m showing here today.

In this chart we see that distribution is continuing and expanding out of U. S. equities.  My previous posts had showed 22-day averages in the upper pane, but that had too much noise on it, so now I’m showing 33-day averages, which are better behaved without significantly increasing the lag.

Over the last two weeks, distribution has accelerated as the market has gone into a consolidation.  This may well be telling us that the exit from this consolidation will be on the downside.

Dist

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