Dig beneath the surface of a market not far from its highs, and you will find one mounting red flag: a lack of confidence in the bull case for staying long stocks. Here's how to spot it. Only 25% of S&P 500 stocks are now trading above their 50-day moving average, the lowest proportion since April, points out the team at The Kobeissi Letter. That's an eye-opening deterioration from the 70% reached in mid-August. What's more, just 47% of stocks are trading above their 200-day moving average, also the lowest level since April. As of Monday's session, new 52-week lows on the New York Stock Exchange outnumbered new highs for the 10th consecutive trading day, and in 14 of the last 15 sessions.
Nous affichons publiquement l'idee principale. Creez un compte gratuit pour lire l'article complet, l'enregistrer, le commenter et le relier au contexte marches et OSINT.