Nasdaq % of stocks above 50DMA

18 Jan 2023

Share Of NYSE Stocks Above 50DMA Past 80%

by hedgopia | posted in: Equities, Technicals | 0

Even as the major US equity indices have rallied into crucial resistance, the share of stocks above their 50-day is at/near levels where risks of reversal are very high. Stocks have come a long way the past three months. The … Continued

23 May 2022

S&P 500, Nasdaq Suffer 7th Straight Weekly Drop; Russell 2K Refuses To Make New Low, Even As Other +VE Divergences Take Shape

by hedgopia | posted in: Equities, Technicals | 0

US stocks continued their downward trend last week. Both the S&P 500 and the Nasdaq suffered their seventh consecutive weekly drops. Amidst this also came flashes of hope. The Russell 2000, a risk-on barometer, failed to make a lower low … Continued