Info!! Surprising Pockets Of Weakness Inward The U.S. Stock Market

Recent posts get got focused on continued cyberspace push clit inward the stock market.  Friday's shortened session was an interesting one, however, given the pregnant weakness inward the crude oil market.  Energy as well as raw materials shares sold off sharply, fifty-fifty every bit the SPX hovered nigh all-time highs.  As you lot tin run across from the piece of occupation past times graphic from the fantabulous Finviz site, we've seen an odd deviation inward surgical physical care for betwixt consumer-related sectors as well as commodity-related ones.  The weakness inward energy-related shares inward item contributed to a province of affairs on Fri inward which 841 stocks across all exchanges unopen at one-month highs, exactly 615 unopen at fresh monthly lows.  That's the highest grade of monthly lows since the Oct bottom.

As the bottom 3 charts disclose (credit to the ever-informative Index Indicators site for these), growing weakness has non been express to the set out energy shares.  When nosotros await at the large cap average (SPY; bit nautical chart from top), nosotros run across many stocks making novel 20-day highs over lows as well as prices nigh all-time highs.  Midcap shares (MDY; bit nautical chart from bottom) get got besides made novel highs, exactly solely marginally so.  Among the midcaps, 20-day novel highs as well as lows were nigh fifty-fifty on Friday, good off the levels reached at the terminate of October.  When nosotros plough to the pocket-size caps (IJR; bottom chart), nosotros tin run across that fresh 20-day lows outnumber novel highs as well as are good off the belatedly Oct peaks.  Note that the pocket-size caps get got yet to brand a fresh yearly high--quite a contrast from the large cap strength.

Recent posts get got stressed that it takes to a greater extent than than a pullback of buying involvement to sink a rising market:  nosotros quest to run across outright bear witness of weakness.  Not solely amidst set out energy stocks, exactly besides the smaller caps, we're starting to run across such weakness.  I couldn't help exactly discovery on Fri that 128 stocks inward the NYSE universe unopen inward a higher house their upper Bollinger Bands, an inward a higher house average reading.  Influenza A virus subtype H5N1 full of 300 stocks, however, unopen below their lower bands.  

That is non supposed to hold out on inward markets sitting nigh their highs.

Further Reading:  Market Strength vs. Weakness
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