There is always something working. It still surprises me how often it changes.
For example, take a look at Coffee's rise.
The chart below shows the top-and-bottom performing markets so far this year. The data is color coded based on sector. The first column shows year-to-date performance, followed by six columns of the most recent yearly market performances.
This indicator has been trending slightly downward for about a month now, but it hasn't fallen below the 75% mark for quite some time. Generally, whenever this breadth reading gets above the 80% level, the market is due for a breather.
In contrast, less than 50% of NASDAQ stocks are above their 200-day moving averages.
According to Martin Pring, that means that relatively few stocks are participating in the rally, and an even lower number are registering new highs. Moreover, there are currently slightly more stocks at new 52-week lows than highs, even though the NASDAQ is very close to its bull market high
Across the world, the number of people who say the economic situation in their country is “bad” is climbing — despite the much-vaunted recovery we all keep hearing about from politicians.
Here Are Some Links For Your Weekend Reading
If you need a suggestion on how to fix your broken vacuum ...
Here are some of the posts that caught my eye. Hope you find something interesting.
Lighter Links:
Trading Links:
Posted at 09:44 AM in Business, Current Affairs, Just for Fun, Market Commentary, Personal Development, Sports, Trading | Permalink | Comments (0) | TrackBack (0)
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