The average stock within the Nasdaq has been bouncing more than the average S&P500 stock since the May panic.
Nasdaq
16% is over its 200ma
41% is over its 50ma
We got down to a staggering 2% on at the end of June.
Nasdaq
16% is over its 200ma
41% is over its 50ma
We got down to a staggering 2% on at the end of June.
S&P500
26% is over its 50ma
22% is over its 200ma
26% is over its 50ma
22% is over its 200ma
You will notice a trend here, the amount of stocks within Nasdaq that are over the 50ema is almost double the amount of the SPY.
Inflation hedges are starting to hurt the $SPY, a sign that the FED is gaining ground.
Inflation hedges are starting to hurt the $SPY, a sign that the FED is gaining ground.
Letβs maybe rephrase to relative to itβs recent price action.
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