With about 30 minutes until Wall Street’s closing bell rings the Dow is up triple digits and thisclose to notching its first record close since July 16. The S&P 500 is trading right around 2000 and within a fraction of a percentage point of its own historic high. Yet a whopping 47% of stocks that make up the tech-heavy Nasdaq Composite Index are sitting 20% or more below their 52-week highs. Plus, last week the small-cap Russell 2000 Index moved under both its 50-day (intermediate trend) and 200-day (long-term trend) simple moving averages.
♦ Please note that my readings will change without notice, so please don’t buy or sell solely based on anything you read in this blog. ♦
Bull Bear Barometer 