These 5 technical indicators are sending warning signals for the stock market

The most closely watched U.S. equity benchmark indexes have celebrated numerous record closes of late, but the broader stock market has not joined in on the fun.

Market breadth is a term describing the number of stocks that are gaining or losing ground during a given period, and can provide investors insight into the broader stock market that are hidden by market-capitalization weighted indexes, like the S&P 500, which places greater emphasis on the most highly valued firms.

“There are some definite warning signs in these indicators,” Mark Newton, president of Newton Advisors told MarketWatch, adding that he has recently changed his medium-term outlook from bullish to neutral and expects a significant pullback in stocks sometime this fall. Craig Johnson, chief market technician at Piper Jaffray, agreed that market internals were flashing warning signs, in a recent note to clients. “Market breadth remains an ongoing concern as evidence suggests there has been a growing divergence between the recent record highs on the SPX and overall participation,” he wrote.

Not true. The Russsell 2000 was up almost 2% today.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Fed can’t stop a market meltdown, warns forecaster who called the 2008 housing bust'If we are on a recessionary course, either by the level of debt or the level of overconfidence in the economy, the Fed may not be able to prevent it even with multiple rate cuts,” this forecaster says
Source: MarketWatch - 🏆 3. / 97 Read more »

Cramer: The market is starting to look like the 1980s, and that's good for consumer goods stocks like Coca-Cola'If I'm right that this is like the 1980s all over again, it means the likes of Coca-Cola and Kimberly-Clark have a lot more room to run,' Jim Cramer says. KO made me a lot of money today.
Source: CNBC - 🏆 12. / 72 Read more »

Here's how one portfolio manager has doubled the market's return by putting 80% of his money in just 4 stocksJohn Huber's highly concentrated investing approach defies conventional wisdom, but has been backed by the likes of Warren Buffett.
Source: BusinessInsider - 🏆 729. / 51 Read more »