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Wednesday, June 12, 2019 8:12:03 AM
NASDAQ and Russell 2000 Advance/Decline Lines Lagging
By: Almanac Trader | June 11, 2019
Typically at this time of the year, first half of June, NASDAQ and Russell 2000 are often leading DJIA and S&P 500. Historically, the month of June has been kinder to technology and small-cap stocks than others. Sure, June has been quite robust so far, but it has been DJIA and S&P 500 leading the charge higher. Their strength is also confirmed by NYSE and S&P 500 cumulative Advance/Decline lines at new highs already. NASDAQ and Russell 2000 cumulative Advance/Decline lines are weaker have not exceeded the highs reached last year. At the least, NASDAQ’s Advance/Decline line likely needs improvement for the market to make any meaningful headway.
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• DiscoverGold
By: Almanac Trader | June 11, 2019
Typically at this time of the year, first half of June, NASDAQ and Russell 2000 are often leading DJIA and S&P 500. Historically, the month of June has been kinder to technology and small-cap stocks than others. Sure, June has been quite robust so far, but it has been DJIA and S&P 500 leading the charge higher. Their strength is also confirmed by NYSE and S&P 500 cumulative Advance/Decline lines at new highs already. NASDAQ and Russell 2000 cumulative Advance/Decline lines are weaker have not exceeded the highs reached last year. At the least, NASDAQ’s Advance/Decline line likely needs improvement for the market to make any meaningful headway.
Read Full Story »»»
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
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