
On the radar: nosotros encounter mostly ascent prices for the S&P 500 Index (SPY; bluish line of piece of job above), only a recent designing of weakening 20-day highs minus lows alongside NYSE, NASDAQ, too ASE stocks, every bit reported past times the first-class Barchart site. Much of that weakness tin dismiss last traced to relative weakness alongside pocket-size cap stocks. For example, my ever-trusty Decision Point service notes that 58% of S&P 500 large cap issues are trading higher upwardly their 20-day exponential moving averages, only exclusively 38% of S&P 600 pocket-size caps too 45% of S&P 400 midcaps. I volition last watching closely early on this calendar week to encounter if the marketplace bounce from recent lows tin dismiss broaden. If not, I volition last viewing that bounce every bit purpose of an longer-term topping procedure that goes dorsum to momentum highs inwards September.
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