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As expected, Tuesday's LCR table is showing that we may be hitting a local low and are due for a rise:
The left column shows the LCR, and if you look closely, it rose +5%. Not a huge amount, but a positive change in a sea of red.
The left side of the table shows that on a day-over-day basis we are still dropping in terms of the number of stocks that are outperforming their historical, optimized averages. N = 3054 so the number of measurements is significant. The left side of the table indicates that I should be cautious.
The right side of the table shows one day of "green", e.g., the day-over-day change of the left side of the table is positive. The right side says "get your shopping lists ready". The left side says "we are too early to enter en masse".
The NYSE Cumulative Tick chart is also short- and medium-term bullish:
Click on the image to enlarge.
I've covered this and the LCR table to a large extent in my newsletters, so please take the time to read those. Here's the latest: goo.gl/e75Ayj
There is nothing bearish about the CT chart, at least as of the close of markets on Tuesday. These are all short-term bullish patterns.