I'm seeing a common theme here. Market might not top until every chart is in a parabolic rise and all money has been sucked in. Stock screen showing over 500 companies with price/sales above 20x. pic.twitter.com/0rOa3HSc6X
— Greg (@GS_CapSF) December 22, 2020
Dow jones : Brace yourselves. pic.twitter.com/xHqLjpoNEC
— The Great Martis (@great_martis) December 22, 2020
Small cap stocks drive the breadth figures on the NYSE to a large extent. When small caps do well, breadth is good, and vice-versa. Not today.
Today is one of the few times since 1979 when the Russell was up 0.9% or more and yet NYSE breadth was this negative. pic.twitter.com/wIaDz0hkub
— SentimenTrader (@sentimentrader) December 22, 2020