Breadth Strength Update

By Tim Knight of Slope Of Hope
Wednesday, August 14, 2024 2:55 AM EDT

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In spite of the recent mega-surge in equities, I’d like to point out that the 80,000 foot view of market strength isn’t looking quite so peachy. Below is the chart of the percentage of stocks above their 200-day moving averages.

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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...

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