While headliners SPX and DJIA miraculously recovered and ticked new highs yesterday (NDX recovered near the high), the median of 1700 stocks, AKA as the Value Line Geometric index, stayed below its SMA 50. It’s just another of the plentiful negative market divergences going on this summer.
Frankly, I am not sure why I am messing with this market to the minor degree I am right now.
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