$SPXA200R - Chart Link - what is shows is
that fewer and fewer stocks have held the market up, as we have
been saying and others, a few large cap stocks have been leading
the market, while a lot of them behind the scenes have been
lagging, you can see the # of stocks above their 200 day MA has
been declining for a while while the market was going up, that was
negative divergence
Also this was another chart
Posted by matt on 9th of Dec 2015 at 04:10 pm
$SPXA200R - Chart Link - what is shows is that fewer and fewer stocks have held the market up, as we have been saying and others, a few large cap stocks have been leading the market, while a lot of them behind the scenes have been lagging, you can see the # of stocks above their 200 day MA has been declining for a while while the market was going up, that was negative divergence
Appreciate the explanation, Matt.
Posted by RichieD on 9th of Dec 2015 at 05:00 pm