The ASX200 index generated a technical sell signal at 5833 on 20/4/15. The expectation is for further significant downside to occur. (The rebound yesterday did not alter the negative technical view on the index). The ASX200 index sell signal has coincided with a notable increase in the number of large cap stocks that have generated technical sell signals over the last week - 18 stock sell signals have been generated. When the ratio of stock sell signals versus buy signals generated becomes heavily weighted on the sell side, it is a negative market momentum indicator.
How many of the banks were in the 18 stock sell signals?
CBA is the major bank stock to have generated a sell signal