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Jul 03 2018

MTI: Market Not As Healthy Under The Surface

  • Jul 3, 2018

We’d concede that neither the relative strength of Small Caps nor the divergently strong action of the NYSE Daily Advance/Decline Line fit the pattern of a stock market undergoing a late-cycle period of distribution, however, the relatively low percentage of NYSE issues now trading above their 30-week moving averages (45.5%) suggests the market may not be as internally healthy as popularly portrayed.

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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager