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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (356)3/22/2021 11:33:15 AM
From: rimshot  Respond to of 1118
 
briefing.com 3/22 11:25 a.m. ET - Quarterly re-balancing in effect

t.co

The S&P 500 is up 0.6% despite there being more declining issues than advancing issues at the NYSE and Nasdaq.

That's because of the weight of the mega-caps, which are generally outperforming today.

Alphabet (GOOG 2036.12, -7.08, -0.4%) is one such exemption, largely due to the rebalancing efforts happening in the market where money is rotating into the quarterly under performers.

Alphabet shares were thrown in the value camp this year, meaning it has outperformed with the value/cyclical stocks.

The cyclical financials (-1.2%), industrials (-0.7%), energy (-0.5%), and materials (-0.5%) sectors are trading in negative territory right now.

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$SPX daily repeated -

* a future bullish outcome requires the ATR-14 to decline for multiple days / weeks

3 higher lows for the ATR-14 are now on display with today's pullback by the ATR far above the late February 2021 ATR low

stockcharts.com