The Sandbox Daily (5.29.2024)
Not sure I would agree that the majority of stocks being below the 50-day MA is a positive, considering that two weeks ago about 60% were above the 50-day MA.
Fair point. My perspective was to suggest near-term upside is not capped if not all stocks are overbought and breadth expands.
Not sure I would agree that the majority of stocks being below the 50-day MA is a positive, considering that two weeks ago about 60% were above the 50-day MA.
Fair point. My perspective was to suggest near-term upside is not capped if not all stocks are overbought and breadth expands.