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Tuesday, November 26, 2024

Breadth Still Weak

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

Thus far today is basically a large cap non tech rally as only the S&P 500 and DJIA are currently showing much progress.  The NASDAQ and Russell 2000 are currently flat (to slightly red).  Breadth on the NYSE is actually negative.  This can change as the day goes by but thus far it’s sort of a deceptive day.  That said a close above yesterday’s highs would be a change of pace.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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