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
Despite the massive rally in stocks since December lows, Investors Intelligence bulls are not giddy, though NAIIM members are not quite sending the same message. Ditto with the percent of S&P 500 stocks above the 50-day. Investors Intelligence bulls continued … Continued
Post-late December bottom, major US equity indices have rallied strongly to what could turn out to be strong resistance. Odds favor longs begin to lock in profit and/or shorts begin to get active. US stocks suffered quite a rout in … Continued