Uptrends and records are the norm
Almost all stocks in the S&P 500 are above their 200-day moving averages. All industries, sectors, and developed countries are, too. The index itself is historically stretched against its average, as all of the 'big four' indexes hit record highs together. This type of activity has usually preceded some short-term weakness.
Sorry, this content is restricted to SentimenTrader members.
To read this post, please login to your account, sign up for our trading solutions or start a 30-day free trial to SentimentEdge reportLogin →