Major increase in large cap stock technical buy signals

ASX200 index - original technical sell signal was generated at 5833 on 20/4/15. Although the index technicals have not turned positive, a surge in the number of large cap stock buy signals has occurred, which as flagged in previous wires, is the first technical indicator of a broad market momentum / trend change, and will precede any change in the index. Out of the ASX20 stocks - 9 stocks are rated as buys and a further 3 stocks have the potential to do so (out of the 20). This is major change since last week, (when only 3 stocks were rated as technical buys in the top 20). Looking more broadly, over the last two days there have been 15 stock buy signals generated. The financials stocks were flagged as a potential turnaround situation and have featured heavily in the buy signals generated, including two of the four major banks. It is also the speed with which these large cap stock buy signals have been generated that is a measure of fund flow and rotation, especially into the financial stocks.