Blog post: For 2 days in a row there have been more daily new lows than new highs–are the indexes masking internal weakness?

GMI6/6
GMI-27/8
T210854%

Since the start of the current  $QQQ short term up-trend on 10/18 there have been more new highs than lows each day until the past 2 days. I think this could be a danger sign. The past 2 days only 34% and 27% of US stocks closed higher. Something is up.

This weekly chart shows that % of stocks above their 200 day average is declining.

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.