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The number of S&P 500 stocks setting new 52-week highs has shrunk as the rally has advanced,...

The number of S&P 500 stocks setting new 52-week highs has shrunk as the rally has advanced, Brown Brothers observes, "a bearish sign of selectivity that tends to occur when strength by big-cap stocks masks weakness in the broader market.” Net new 52-week highs peaked at 280 companies on Feb.3; the number has since dwindled to a net 38.
Comments (6)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Everyone is searching for a sign of what will happen next in the market. They always are and sometimes analysts get it correct and sometimes they do not. This is not different. The next road sign will come with the release of Q1 earnings. Good, bad or indifferent they will affect the market.
    29 Mar 2012, 05:14 AM Reply Like
  • jwbrewer
    , contributor
    Comments (317) | Send Message
     
    I have noticed that as well. The market seems to be pushed by a select group of stocks such as CAT. Also, volume has been dropping as well.
    29 Mar 2012, 08:42 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9934) | Send Message
     
    Notice how almost every market in the world was down today, except the US markets. US markets can't keep it up much longer.
    29 Mar 2012, 05:40 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Why not?
    29 Mar 2012, 08:24 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9934) | Send Message
     
    LOL, Why?
    29 Mar 2012, 08:41 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    I just want to know your reasoning because you said it could not happen. I never said that I disagreed only that I wanted to know,why you thought why not.
    30 Mar 2012, 05:10 AM Reply Like
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