Even afterwards Friday's wide decline, nosotros tin run across that over 80% of shares stay higher upwardly their 50-day moving averages, per the overstep nautical chart offered past times Barchart. As the advance-decline employment specific to NYSE mutual stocks from Decision Point shows (bottom chart), nosotros stay inwards an uptrend afterwards the Fri drop. Indeed, nosotros had over 400 novel 52-week highs amid NYSE stocks on Midweek in addition to Thursday, the highest levels registered during the bull market. All of this suggests to me that nosotros may accept seen a momentum peak inwards stocks in addition to could facial expression around continuation of Friday's pullback, only that it would non move surprising to run across farther cost peaks next that correction.
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