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Next week must be the week that 2000 is reached ......wow
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Originally Posted by winner69
Next week must be the week that 2000 is reached ......wow
Tomorrow be the day ....wow 2000
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Interesting stat on the S&P500
Three months ago there were 498 stocks above 200MA and 2 below
Yesterday there were 387 above and 115 below
And the number of stocks reaching year highs was 25 today compared to 204 three months ago
Sign of general weakness?
I have no idea
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Correction warning......
Originally Posted by winner69
Interesting stat on the S&P500
Three months ago there were 498 stocks above 200MA and 2 below
Yesterday there were 387 above and 115 below
And the number of stocks reaching year highs was 25 today compared to 204 three months ago
Sign of general weakness?
I have no idea
Yep...68% of stocks on NYSE above MA200 (see NYA200R chart below) ..hasn't been this low since the weakness during April - May 2014.
My correction indicator triggered 3 out of 4 correction warning signals during the bull hype when the S&P500 was making new record highs..strange.. huh?... Fewer and fewer stocks keeping the index rising is not a good sign (divergence)
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