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.
Posted by timebandit on 18th of Mar 2023 at 10:43 am
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
A couple more examples of
Posted by timebandit on 17th of Mar 2023 at 11:54 pm
A couple more examples of plunging breadth
Yikes....Also the divergence between tech
Posted by arun on 18th of Mar 2023 at 05:14 am
Yikes....Also the divergence between tech and SPX is insane
In case you are not
Posted by junkie on 19th of Mar 2023 at 03:04 am
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
Posted by timebandit on 18th of Mar 2023 at 10:43 am
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
Posted by rbreese on 18th of Mar 2023 at 10:47 am
Have you noticed QQQ SPY ratio is at extremes too? Thanks.
Sorry, don't know what that
Posted by timebandit on 18th of Mar 2023 at 10:56 am
Sorry, don't know what that is. Are you talking QQQ:SPY?
Yes my other computer did
Posted by rbreese on 18th of Mar 2023 at 11:01 am
Yes my other computer did not have : on it but this does.
QQQ:SPY ratio is not at
Posted by timebandit on 18th of Mar 2023 at 04:10 pm
QQQ:SPY ratio is not at an extreme. But the RSI (5) is over 97, and the ROC is pretty high too