News about Dow

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

The great bull market of 2024: $NDX now up only 1.65% YTD. Small caps -3.78% $DJIA +0.5% pic.twitter.com/43SsDXyx3x

The #correlation between long-duration bonds (iShares 20+ Year Treasury Bond ETF, TLT) and equities (S&P 500 Index, SPX, and NASDAQ, CCMP) has been higher than the correlation between Bitcoin and those stock market indices. Data since the start of 2023, as the narrative of… pic.twitter.com/51tyMREcUE