As the table shows, though the market goes up, its technical picture deteriorates. New records are printed with less high and high-low issues. It means that less and less companies are driving the market higher.
Monday, November 24, 2014
U.S. Equities Go Up But The Overall Picture Deteriorates Again
Most recently U.S. equities have printed new highs. But it does not look as the classic and healthy bull market. Let us look at the table below:
As the table shows, though the market goes up, its technical picture deteriorates. New records are printed with less high and high-low issues. It means that less and less companies are driving the market higher.
As the table shows, though the market goes up, its technical picture deteriorates. New records are printed with less high and high-low issues. It means that less and less companies are driving the market higher.
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