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Market Analysis - Potential Problem with Market Breadth

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Market Analysis - Potential Problem with Market Breadth

V
valuetrend

4 Views • Aug 25, 2015

Description

http://www.valuetrend.ca/only-your-best-friends-will-tell-you/
If I was a good friend to the US stock market, I’d want to subtly do it a favor and save it from an embarrassing social faux pas. You see, the S&P500 has bad breadth. And as we all know, only your best friends will tell you.

Let’s take a look at nine major components of that index, and indeed of the overall stock market, and then compare them to the S&P500 index. We’re looking for these sectors to confirm the new highs that the S&P500 made a little over a week ago - on May 22nd.