QQQ Breadth DivergenceNDX at 24,454, near fresh highs, very similar setup to QQQ - strong trend, testing the upper end of the channel
NDFI (around 48.5) shows % of NDX stocks above 50d MA (breadth)
NDTH (around 59.4) shows % of NDX stocks above 200d MA
1. Breadth Divergence
While NDX is pushing highs, both NDFI
QQQ Breadth DivergenceQQQ Rising, Breadth Weakening
NDX is near highs, but both NDFI (~60) and NDTH (~46) are well off their highs
This confirms the mega-cap concentration
ADL (Advance/Decline Line)
Still in an uptrend, but flattening
Shows breadth has not broken down completely, but is stalling while QQQ pushe
The 'Markets' vs Me on the Markets...Two ViewsAn old friend who recently touched base asked me what I think of the markets here. I told him I'll tell him what I think of the markets, but more importantly, I will tell him what the market thinks of the markets! And those are two different things!
First me:
I think equities are overvalued b
NDFI: mid-term trend (the great divergence)NDFI’s mid-term trend chart is presented. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for
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Displays a symbol's price movements over previous years to identify recurring trends.