Like I was showing a couple of weeks ago in Another Divergence, the breadth keeps decreasing in this rally.
There are some good earnings coming in, but they are being carried by fewer names. The rest of the market is lagging. And more and more issues are not confirming this move in the headline indices.
Another Divergence is still Diverging
Like I was showing a couple of weeks ago in Another Divergence, the breadth keeps decreasing in this rally.
There are some good earnings coming in, but they are being carried by fewer names. The rest of the market is lagging. And more and more issues are not confirming this move in the headline indices.