Is a market of stocks, not a stock market? Long
S&P 500 Stocks Above 50-Day AverageINDEX
Description
⋅ You can argue that there are several stocks that are working.
I profited on two stocks this month but weren't big profits.
Some say that is still a bear market, others that is already a bull market as the NASDAQ:IXIC already rallied 20% from its low.
I will just say that is an unhealthy market. This -8% drop in the CBOE:SPX wasn't a normal correction.
Just look at how corrections within bull markets behaved in the past, the % of stocks above their 50-day MA never crossed below 20%.
Sure you can find stocks going up, but they won't have the support of a bull market just yet.