Wednesday, June 4, 2014

NASDAQ 100 Has Printed A Record But It Does Not Look Healthy At All

Nasdaq 100 is marching higher and higher but less and less stocks lead it. This has been a common pattern since May 2013.
But today this pattern went to its extremes. We have a record - 3,743.59 points but there were more shares recording new lows than shares recording new highs. Well, I have never seen something like that. The market is very ill.
Let us look at the table below:

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