The DJIA was up since today's opening while the SP500, Nasdaq 100, Russell 2000 and the DJT all were negative. By the end of the trading session, the DJIA closed with a gain of 138.40, SP500 plus 9.68, Nasdaq 100 a gain of 9.03, the Russell 2000 plus 6.387, and the DJT closed with a loss of 1.91. These gains and loss are no big deal. But what is the big deal is the uncharacteristic of the market breadth indicator
for the DJIA (NYSE). With the DJIA gaining more than 138 points, there were more stocks declined than advanced and more stocks made 52 weeks low than the number of stocks made 52 weeks high. This is a characteristic of a market in the process of topping out.
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