Highlights
- Despite the strong showing by the S&P ETF (SPY) last month (+3.4%), the average stock was actually down over the same time period.
- Accentuating this point, the largest Trend Stage in the weekly and monthly timeframes is "clear downtrend", meaning most charts are not only not going up (only 35% of stocks are above their March peak), but many stocks are actually trending downward.
- Such divergences have served as timely warnings prior to some of the more well-known bear markets in history, but. . .
