Breadth in the U.S. equity market has contracted over the past few weeks despite the S & P 500 trading near all-time highs, indicating that the rally in the major indices has been narrow lately. The contraction in breadth is evident in cumulative breadth metrics like the NYSE cumulative advance-decline line, which has pulled back since mid-May. Short-term momentum is to the downside for the advance-decline line, which has room to next support from the daily cloud model .
Click here for the full disclaimer. This communication has been prepared by Fairlead Strategies LLC for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. You should consult appropriate advisors concerning such matters.
Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Fairlead Strategies or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »