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USA Considerations (Buy, Buy Watch, Sell Watch, Sell) April 2017
Currently, 78.1% of stocks are within their normal trading range and considered a Hold. While over the past 24 months the number of stocks moving to the Sell and Sell Watch side of the balance have increased, we have noticed that in the past 30 days over 1% of the stock universe have moved back to Hold. This is a good sign that overvaluation pressures were reduced over the past month. The Buy and Buy Watch side of the market remained stable at 6.5%.