Tuesday, June 11, 2024 10:35:21 AM
.....and an Image to go along with the data..................
Indexes were up even while market breadth was lower. Also, the number of new highs and lows over the previous 52 weeks was higher making the Fosback High/Low Logic Index bearish. Valuations are still lofty, too. This puts the dividend yield of stocks a bit below their average.
Keep some Powder dry,
OAG Tom
Indexes were up even while market breadth was lower. Also, the number of new highs and lows over the previous 52 weeks was higher making the Fosback High/Low Logic Index bearish. Valuations are still lofty, too. This puts the dividend yield of stocks a bit below their average.
Keep some Powder dry,
OAG Tom
Buy from the Scared; Sell to the Greedy.....
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