News about Stock market

4-point spread has opened between S&P 500’s forward (blue) and trailing (orange) P/E ratios pic.twitter.com/usF4Ys19oC

S&P 500’s price/sales ratio has rolled over a bit but still looks stretched relative to history pic.twitter.com/4rZf1gk8Zt

Interesting, but only 1 stock on the S&P 500 made a new 10-day high last Friday. As of last night, 16 made a new 10-day high. This in the face of a 5-day losing streak.

Earlier this week, less than 10% of the stocks in the S&P 500 were above their 20-day MA. That is wash out territory. That was the lowest level since Oct of last year, but even more interesting is price made new lows, but stocks above their 20-day MA actually improved. pic.twitter.com/4XrwsE89Iw