Financial News
The anatomy of a failed breadth thrust
October 01, 2022 at 13:23 PM EDT
Many technical analysts turned excited in late August when the percentage of S&P 500 stocks above their 50 dma surged from below 5% to over 90%. Historically, such breadth and momentum thrusts have signaled a fresh bull market with a track record of 100% accuracy.
Since then, the percentage of stocks above their 50 dma retreated all the way back down to 5%. The breadth thrust fizzled. Here's why.
The full post can be found here.
Since then, the percentage of stocks above their 50 dma retreated all the way back down to 5%. The breadth thrust fizzled. Here's why.
The full post can be found here.
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