123 days ago • Posted by Charles-Henry Monchau

The stock market breadth is extremely narrow and weak

The percentage of stocks beating the index approaches an extremely low level of 30%. Major market tops occurred in 1972/73 and 1999/2000 period. Could the indicator be signaling another top here? - source: Kailash Concepts, The Market Ear

% of stocks beating the S&P 500 over the trailing 12 months