top MADX - number of Highs minus Lows for last 52 weeks S5FI - number of S&P 500 stocks above 50 days Moving average S5TH - number of S&P 500 stocks above 200 days Moving average bottom - SPX index
This happens not so often. Strong sign of upcoming correction or plunge.
Metals (DBB) are stronger than the dollar (UUP). So the market is heating up and despite the local correction there is still potential for growth. It also predicts inflation, which might force the Fed to raise rates. But last time it took them 7 years to react. Inflation (below) is also rising. It can fluctuate within some acceptable band for years. Yields on...
Financial sector overpreform Tech since Feb 2021 and reached resistance level of April 2020
Covid stimulus makes Bonds yield down which leads to All time high phase in MADX index. Meaning - Markets are pumped so high that number of stocks on 52 week high price levels on maximum since the indicator started. This could lead to slow down Uptrend and Side trend after.
SPY beat QQQ Money flows to the most efficient Rist/Profit zone. When 10 years Treasury Bonds start yielding the same returns as SP500 dividends.