Despite European Central Bank's latest liquidity injection of 777bn pounds throughout this week, below WEEKLY screen shot showing risk appetite from big players continue to decline as they are selling shares quietly. This does not mean stock market will fall right away. It just means a lot of risks if you are holding onto stocks at this moment.
Mini-chart #1 currently shows 42.43 % of stocks trading above 20-day moving average compared to 82% at the end of January.
Mini-chart #2 currently shows only 66.29 % of stocks trading above 50-day moving average.
Mini-chart #3 currently shows only 67.54 % of stocks trading above 200-day moving average.
Mini-chart #4 currently shows only 287 stocks making new high
Mini-chart #5 currently shows volatility index didn't make lower low while market making higher high.
To those who might not be familiar with what moving averages are. Below chart shows stock market has been trading above 20, 50 and 200 moving averages.