I rail weekly), 21 are trading inwards short-term uptrends, fifteen are neutral, as well as 4 inwards downtrends. Readers who follow my Twitter posts (follow here) daily know that this is weaker than the readings from early on inwards the week, when (on Monday, for example) nosotros had 29 stocks inwards uptrends, vii neutral, as well as 4 inwards downtrends.
On Mon also, 89% of S&P 500 stocks were trading higher upward their 20-day moving averages; past times Fri that reveal was 77%.
Among the sectors as well as indexes *not* making closing highs on Fri were financials (XLF), consumer discretionary shares (XLY), consumer staples (XLP), wellness assist (XLV), the NASDAQ 100 Index (QQQQ), the Russell 2000 Index (IWM), as well as emerging markets (EEM), as well as the EAFE Index (EFA).
Perhaps close telling of all, on a twenty-four hr menstruum where nosotros made a closing high inwards U.S.A. of America large caps, nosotros had 796 NYSE, NASDAQ, as well as ASE stocks brand fresh 20-day highs as well as 427 brand novel lows. That is the highest order of novel lows since May 28th.
In short, nosotros bring a rising tide, precisely it's non lifting all boats. That oft occurs when the tide is starting to come upward in.
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