viktor_k67
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Below you may see the High-Low range NYSE and S&P 500 index charts.
Chart #1: High-Low Range 50% NYSE chart from February until November 2015: red line is the # of Bearish stocks which are traded closer to their 52 week lows and green line is the # of bullish stocks which are traded closer to their 52-week highs.
Chart #2: High-Low Range 50% S&P 500 chart for the period from February until November of 2015.
charts from http://www.marketvolume.com/quotes/highlowrangechart.asp
The number of the bearish stocks comprising the NYSE Composite index was bigger than the number of bullish stocks in May of 2015 (see the chart #1).
By comparing the NYSE and the S&P 500 charts, we may say that the bigger part of the NYSE stocks became bearish in May-June of 2015. The majority of the S&P 500 stocks was still Bullish at that time. This mean the smaller companies went into the decline in May 2015 while bigger companies (like GOOG) were still Bullish. However, the market cannot stay bullish all the time just because several of big companies are bullish when the rest of the stocks are bearish. In August of 2015, the market giants started to decline as well and the market suddenly crashed.
Today, the number of bearish stocks topped the number of bullish stocks on the S&P 500 again (see chart #2 above). While we see the majority of stocks declining, we cannot talk about the Bull market. At this point of time, the odds are higher for a correction than for the Bull market.
Chart #1: High-Low Range 50% NYSE chart from February until November 2015: red line is the # of Bearish stocks which are traded closer to their 52 week lows and green line is the # of bullish stocks which are traded closer to their 52-week highs.
Chart #2: High-Low Range 50% S&P 500 chart for the period from February until November of 2015.
charts from http://www.marketvolume.com/quotes/highlowrangechart.asp
The number of the bearish stocks comprising the NYSE Composite index was bigger than the number of bullish stocks in May of 2015 (see the chart #1).
By comparing the NYSE and the S&P 500 charts, we may say that the bigger part of the NYSE stocks became bearish in May-June of 2015. The majority of the S&P 500 stocks was still Bullish at that time. This mean the smaller companies went into the decline in May 2015 while bigger companies (like GOOG) were still Bullish. However, the market cannot stay bullish all the time just because several of big companies are bullish when the rest of the stocks are bearish. In August of 2015, the market giants started to decline as well and the market suddenly crashed.
Today, the number of bearish stocks topped the number of bullish stocks on the S&P 500 again (see chart #2 above). While we see the majority of stocks declining, we cannot talk about the Bull market. At this point of time, the odds are higher for a correction than for the Bull market.
