Here nosotros run across a few continued signs of marketplace pose weakness, despite the ascent of large cap indexes to novel cost highs this month. Note how the number of stocks registering fresh 20-day highs vs. lows has tailed off over the final several months (top chart). After Friday's weakness, we're forthwith in 1 trial once again seeing novel 20-day lows outnumbering novel highs.
As the 2 charts from Decision Point illustrate, amid the especially weak sectors are modest caps (middle chart) in addition to fiscal shares (bottom chart). If y'all hold off at the bottom panes of those 2 charts, you'll run across how the advance/declines lines specific to modest cap issues in addition to fiscal shares bring lagged badly inwards recent weeks.
The stock marketplace pose shrugged off the Dubai-related weakness rather good inwards Friday's session, exactly I'm going to require to run across to a greater extent than describe amid modest caps in addition to fiscal stocks to nation me that the market's recent correction is over. I volition live on tracking novel high/low information each morn prior to the marketplace pose opened upwardly via Twitter (follow here).
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