Weak Breadth

“The number of stocks participating during the current run-up has been much lower than levels seen during prior breakouts this year. 70 % of the stocks in the index are currently above their 50-day moving averages, which is well below the breadth levels seen as recently as October when the index experienced its last big breakout to new highs. Throughout the year, we’ve seen breadth decline with each successive breakout, so it has definitely become more of a “stock-picker’s market” late in the year.” (BespokeInvestmentGroup)

Weak Breadth


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