Momentum remains firmly positive: the net share of S&P 500 stocks at 52-week highs has stayed above zero for 38 straight trading days. The index closed more than two standard deviations above its 50-DMA eight times in the last 10 sessions, indicating strong breadth and upside momentum despite potential overextension.
Momentum remains firmly positive: the net share of S&P 500 stocks at 52-week highs has stayed above zero for 38 straight trading days. The index closed more than two standard deviations above its 50-DMA eight times in the last 10 sessions, indicating strong breadth and upside momentum despite potential overextension.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
