With 1998/99
analogs abounding, we thought it worth looking at a more ominous
similarity.
The breadth of the US equity market is "narrowing"
dramatically; and bad breadth was a big flashing red
feature of 1999.
US equity
market breadth is the narrowest in over 2 years...
US Stock Market Breadth Is Collapsing Again
Posted by sbaxman111 on 26th of Oct 2015 at 06:21 pm
US Stock Market Breadth Is Collapsing Again
With 1998/99 analogs abounding, we thought it worth looking at a more ominous similarity. The breadth of the US equity market is "narrowing" dramatically; and bad breadth was a big flashing red feature of 1999.
US equity market breadth is the narrowest in over 2 years...
As equal-weight is underperforning cap.weight by 2.4% over the past 12 months - the biggest decoupling since 2008.
This is not the chart of a broad-based beginning to another leg of the bull market.
thank you for posting this,
Posted by junkie on 27th of Oct 2015 at 04:16 am
thank you for posting this, May highs should stand intact for now, then.
This may have been before the Zwieg breadth thrust...
Posted by torvix on 27th of Oct 2015 at 04:13 am