Mkt is so ******* strong right now. Nice to see small craps go on such a heater, especially relative to SPY, last couple of months. That combined with EEM/rest of the world performance are good things.
See some mopes (poors) go on rants on x com the everything site, "muh equal weight spy (RSP) underperforming SPY. Breadth is baaaaaaaaad." While true, in part, RSP has rolled over relative to SPY for 10+ years now, but for the occasional rally. And good stonks have mooned over that time. So big deal.
Will probably start to see mopery saying "NDX long-term breadth is baaaaaad too," as it looks like % of NDX tickers above 200d MA may have peaked in July. Divergence between price and breadth usually
eventually bad, but when significant diversions have happened in last decade in tech ('18, '21, '24) the price of NDX has continued to rise as 200d breadth further deteriorates for a period of 10-13 months. The curious thing is that each time NDX has eventually puked and you see prices in tech
at or below the high water mark (in price) from when 200d breadth peaked. (see pic)
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