Archive for the ‘Moving average’ Tag

Distribution – Stock Market Topping

“A healthy strengthening bull market
is accompanied by a large number of stocks
making moderate upward advances in price.
A weakening bull market
is characterized by a small number of stocks
making large advances in price,
giving the false appearance that all is well.”

The stock market trend is up.
SPX Weekly Divergence

The Bullish Percentage of SPX is down.
SPX Bullish Percentage
New Highs decreasing vs. New Lows increasing.

New Highs - New Lows

Percent of stocks above their 50 Day Moving Average is down.
Stocks  Above their 50  Day MA

Another high with another divergence may occur