Our proprietary indicator, the CAPM 20, has reversed again. Unfortunately, it remains a weak reversal, since it has reversed from below 30. But's it's been a long time - over a year now - since it hit the -30 level. (This is the longest such term since 2007)
The CAPM 20 is the number of Nifty Stocks above their 20 Day Moving Averages minus the number below, smoothed with a . . .