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A couple more examples of plunging breadth
Yikes....Also the divergence between tech and SPX is insane
In case you are not aware, monied interests with deep pockets
are buying selected stocks of biggest tech companies to park their
money there and without drawing much attention. Expect this
activity to continue. The market is very bifurcated. Everything
else might be being sold meanwhile.
Yes, if you look at the 10-day moving average of Nasdaq
advance-decline volume, it's definitely low but nowhere near some
of the extreme readings since 2000
Have you noticed QQQ SPY ratio is at extremes too?
Sorry, don't know what that is. Are you talking QQQ:SPY?
Yes my other computer did not have : on it but this
QQQ:SPY ratio is not at an extreme. But the RSI (5) is over 97,
and the ROC is pretty high too
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