dpuleo19

Is a market of stocks, not a stock market?

Long
INDEX:S5FI   S&P 500 Stocks Above 50-Day Average
You can argue that there are several stocks that are working.

I profited on two stocks this month but weren't big profits.

Some say that is still a bear market, others that is already a bull market as the IXIC already rallied 20% from its low.

I will just say that is an unhealthy market. This -8% drop in the SPX wasn't a normal correction.

Just look at how corrections within bull markets behaved in the past, the % of stocks above their 50-day MA never crossed below 20%.

Sure you can find stocks going up, but they won't have the support of a bull market just yet.

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