Too Many Low Ranked FusionIQ Scores for serious rally

As seen in the attached bar chart.  FusionIQ tracks the aggregate scores by decile class clusters to see how strong or weak the tone of the market is.  Currently as seen by the blue bar there are close to 70 % of stocks within the FusionIQ Universe ranked below 40.  This high level of low ranking suggest that we are likley to still have lower lows to come.  At some point this indicator will act like an oscillator and suggest we are deeply oversold, however we don't appear to be there just yet.


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