Market Breadth Data******************************

Thursday, February 25, 2021

SPX and Market Breadth

Market breadth is rebounding from oversold levels and, at this rate, will need a few more days to reach overbought readings. For the SPX, the real challenge begins in the 3955 - 3965 zone. At this time, it doesn't look like the index will be able to break above without a strong reversal in AAPL and CSCO, which have been the main drag on the DJIA as well:

















Propelling the DJIA to a new high are GS and CAT, which have been on a tear for the last three weeks.


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