A historical look at yet another day displaying disproportionately good breadth suggests that it may actually have relevancy in the near-term – in a bullish…
Tagged $^NYA
Global Equities Stake Key Technical Ground
The global equity market had a big week, arguably overcoming key levels of technical resistance…for now. Much of the ink in this space over the…
Did THIS Just Breathe New Life Into The Bull Market?
The NYSE advance-decline line closed at a new all-time high yesterday; will that breathe new life into the bull market, or is the bull still…
Is Market Breadth Beginning To Sour?
Despite positive action in the major averages, market breadth has very recently begun to lag. One of the hallmarks of the post-February stock market rally…
Another Major Index At A Crossroads
As with many indices we’ve mentioned recently, the NYSE Composite has rallied up to a potentially significant convergence of resistance. Continuing with the weekly theme…
Broad Market Index Testing Broken “Must Hold” Level
The broad NYSE Composite stock market index is testing the level we deemed “must hold” – that broke in January. Back on January 8, we…
New Lows Hit ‘Wash-Out’ Territory
The number of New 52-Week Lows on the NYSE has reached levels historically consistent with a ‘washed-out’ market. Just a week ago, we penned a piece…
Stock Correction Sets Lowly Record
Persistent selling has resulted in an unprecedented stretch of elevated levels of New 52-Week Lows. One of the most noteworthy aspects to the ongoing stock…
Broad Stock Market Index At “Must Hold” Level
The NYSE Composite’s bull market is on very thin ice. Wow, what a first week of the year in the markets. At least for the…
A Whole Lot Of New Lows For A “Market” Near Its High
While the major indexes remain within arm’s length of their 52-week high, the number of stocks hitting new lows is piling up. Another day, another…