Hive - Not sure I have a clear picture of what health really is in this context, but here are some thoughts (mainly to do with COMP since that's mostly what I track, though applicable to others). Breadth - often considered a measure of health - continues to be poor, with decliners outpacing advancers and even on up days advancers not leading by that much. New lows today were 2:1 over new highs which is fairly typical these days, again even on good days.
Others (e.g., Cramer) have talked about the market being unhealthy since the March decline in a number of ways having to do with not feeling right, not behaving right, being hard to judge, lots of headfakes and so on. These I relate to my varying sense of confusion, which lately has been not as bad as previously, but still subject to moments of fairly whithering disorientation. I still also have the sense that we could drop like a rock without too much notice, but maybe that's just me.
I think healthy might be too strong a word. But I think it's fair to say that it's not as bad as it has been. At the moment.
Edit: Wrote this before reading the news. We'll see how healthy it is tomorrow. |
