Advance-Decline line Archives
From Cabot Growth Investor
Following last Wednesday’s massive 800-point Dow decline, the market has shaped up decently, with most major indexes rallying a bit more than halfway up their month-to-date range. That said, when looking at the overall picture, the market is still doing chopping...
No Longer Overbought
Technically, the S&P 500 has corrected most of an overbought condition with a 2.73% decline from its July 16 high. News-related volatility will likely continue as the market enters its least favorable season. But, sentiment gauges have begun to improve a..
Be Ready for Profit-Taking
The S&P 500 and Dow Jones Industrial Average were little changed today on slightly negative breadth on the NYSE. Broad foreign equity ETFs (EFA, EEM, VEU) also had a quiet day. However, small and mid-cap ETFs fell about 1⁄2%.
Mostly Sunny—with Possible T-Storms Along the Way
Ever since January 9, when the 2-to-1 Blastoff Indicator gave a rare buy signal just two weeks after the market’s major bottom, our greatest conviction has been that the overall market had likely entered a new bull that...