Interesting chart from stockcharts, "Only Price Pays -Timing Is Everything - Index, Stock & ETF Trade Setups"
Shows the diversion between rising index and declining participation. (first time posting image hope it works)
(2015-12-07, 01:47 AM)JimStudent Wrote: Interesting chart from stockcharts, "Only Price Pays -Timing Is Everything - Index, Stock & ETF Trade Setups"
Shows the diversion between rising index and declining participation. (first time posting image hope it works)
(2015-12-07, 01:47 AM)JimStudent Wrote: Interesting chart from stockcharts, "Only Price Pays -Timing Is Everything - Index, Stock & ETF Trade Setups"[/quote]
Shows the diversion between rising index and declining participation.
The top chart is a downward trend of stocks over their 200 day MA and the bottom chart is the upward price trend of the SPX with the recent breakdown. Market participation is weakening foreshadowing a down turn unless trend is reversed.