Bullish Breadth (Act Fast)
Hey, it’s Ross Givens here with the Chart of the Day. The percentage of stocks trading above their 50-day moving average, a key metric for medium-term momentum, has surged, signaling a potential continuation of the bull market. Nearly double the levels seen during the April pullback, it mirrors the market’s upward trajectory observed from February to mid-March. This resurgence indicates an opportunity for swift action. Learn more about the implications in my detailed analysis below.
May 10, 2024
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