Below is symbol $SPX200MA which tracks the percentage of stocks above their 200-day moving average. As you can plainly see, this thing has been hammering out an enormous topping pattern since December.
A Different Topping Flavor
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Steady Freddie
As eager as I am for a big ol’ honkin’ bear market, I’ve got to hand one thing to the permabulls: the moving averages are all screaming “steady as she goes“. If this market ever does truly break, this laggig indicators are going to let folks know the news after it’s way too late.
Warnings Galore!
Ignore ’em at your peril:
Now…..Concentrate!
This is not a good thing, perma-bulls………..
Slippery Breadth?
It seems that, in spite of the lifetime highs, the raw strength of the market is starting to wane, as this chart of the percentage of stocks above their 200-day moving averages illustrates.
