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Market Juggernaut: Stock Breadth Hits All Time High

By: capt_nemo in POPE 5 | Recommend this post (0)
Tue, 19 Feb 19 9:44 PM | 48 view(s)
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Back in December, when the S&P was breaking down and taking out every support level, the financial press was flooded with cheesy headlines warning of "bad breadth" as decliners steamrolled advancers.

What a difference two months makes, because with the largest stock market in the world - the $30 trillion NYSE Composite - having recently broken above its 200DMA if finding some resistance near the level where the last three break outs failed as the NYSE hit the dreaded Triple Top (as a reminder, there is no such thing as a Quadruple Top)...

Watch the NEW markets and algos prove this wrong. Just a thought. LOL

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