π This weekend's thoughts from @RossHaber_ as part of TraderLion Report #13:
"The major indexes all continued to make healthy, constructive progress again last week. The DOW is still leading the pack higher, while the NASDAQ continues to lag.
1/4
traderlion.com
"The major indexes all continued to make healthy, constructive progress again last week. The DOW is still leading the pack higher, while the NASDAQ continues to lag.
1/4
traderlion.com
Although now, the Russell 2000 has reclaimed its long-term downtrend line & S&P 500 isnβt far behind.
Confirmation of the DOWβs positive divergence by the other major indexes is significant & worth noting.
2/4
Confirmation of the DOWβs positive divergence by the other major indexes is significant & worth noting.
2/4
Also, the distribution count still stands at just one day on each major index, which is low and not at all a concern.
As long as we continue to see an overall improvement in the health, breadth, & strength of the marketβs leadership from here...
3/4
As long as we continue to see an overall improvement in the health, breadth, & strength of the marketβs leadership from here...
3/4
...the likelihood of the major major indexes all trading back above their long-term downtrend lines in the near future becomes greater and greater.
Never forget, the principles of progressive exposure and financing risk along the way are always in play, no matter what."
4/4
Never forget, the principles of progressive exposure and financing risk along the way are always in play, no matter what."
4/4
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