Tag: INDU

Market Breadth Update

Quite a week as both the $SPX and $INDU broke through their 50-week simple moving averages. Breadth (percentage of stocks above 200 SMA) took one on the chin in every single index and sector that I follow. I’ve decided to include a quick synopsis of the damage in the chart below. You can see that

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Market Breadth Update

May is done as we start a holiday shortened week in which we are still stuck in a range. So much going on in the world and here in the US that, bull or bear, you must admit the market has held up nicely. In fact, when comparing last week’s breadth, a majority of the

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Market Breadth Update

In case you were out last week and haven’t read a single thing or turned on your TV, the markets broke down last week. The $SPX and $INDU closed under their 200 SMA while the $NDX broke through on Thursday but managed to close back above the 200 SMA on Friday while the $RUT found

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