Info!! 3 Perspectives On Stock Marketplace Strength

The cumulative trouble of NYSE TICK has 1 time once again hitting all-time highs, equally large cap indexes at 1 time stand upward roughly their ain high H2O marks.  Overall, I am non seeing a alter inwards the bull marketplace position dynamics, though in that location has surely been a high grade of sector rotation.

The results of the rotation tin last seen inwards the bottom 2 charts.  Fewer shares across the mutual stock universe are registering fresh three-month highs equally nosotros approach the highs inwards SPX (middle chart); we're too seeing fewer novel highs vs. lows amid the S&P 500 stocks (bottom chart).  

All of this is consistent alongside mature bull marketplace position cycle behavior, simply it is non clear to me that nosotros are on the cusp of whatever acquit market.  The absence of wide forcefulness does non necessarily imply the presence of wide weakness.

Further Reading:  Countertrend merchandise execution inwards a trending market
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