Should You Be Worried About Poor Market Breadth?
Тәжірибелік нұсқаулар және стиль
07.02.24: Final Bar host David Keller, CMT celebrates the S&P 500 closing above 5500, laments the lack of market breadth, and provides updates on the infamous Hindenburg Omen. He also breaks down key levels to watch on charts of V, MA, TSLA, CF, ABBV, and DPZ.
Dave's chart tracking new 52-week highs and lows: schrts.co/UYEteCCA
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00:00 - Intro
00:38 - Market Recap
05:13 - S&P 500 Large Cap Index ($SPX)
10:44 - Hindenburg Omen
12:48 - Tesla (TSLA), Visa (V), Mastercard (MA)
17:58 - CF Industries Holdings (CF), AbbVie (ABBV)
20:06 - Domino's Pizza Group LTD (DPZ)
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Dave's chart tracking new 52-week highs and lows: schrts.co/UYEteCCA 👀 See what better financial charting can do for you! Start your FREE 1-month trial today at stockcharts.com 👍🏻 If you enjoyed this video be sure to hit the THUMBS UP ✅ If you found value, consider SUBSCRIBING to our channel and ring the bell so you never miss a new video! Subscribe Here: tinyurl.com/wvet7qj
Breadth has been below 60 since march for QQQ, yet it rallied 10pct in that time period. So why is "bad breadth" important? PPl who complain about breadth are guaranteed under performers. there is a hedgefund "telemetry" guy who have been complaining the same and his portfolio is down 5pct when the market is up 15%. That makes him NEGATIVE 20pct performance.
@DKellerCMT
Күн бұрын
Yep the markets have been rallying on weak breadth all through Q2. Is that sustainable?......... D
Thank you, David. Surprisingly, all 6 stocks you reviewed are included in my current portfolio of 10 stocks (TSLA MA V long and CF DPZ ABBV short) 👍😁
@DKellerCMT
Күн бұрын
hahaha we are on the same page! D
Thank you, Dave. I liked the 50d and 200d charts. I also use the Bullish Percentage $BPSPX chart
@DKellerCMT
Күн бұрын
Appreciate that feedback- these both are charts I review every morning! D
Always learning from you. Thanks, Dave. The market rode higher for pretty much all of 2021 on narrow breadth, but it sure ended badly. Hopefully, when the fed finally cuts rates, institutions will start playing the small/mid caps, and we'll get that widening without a crash first!
@DKellerCMT
Күн бұрын
Very much an echo to 2021 here!! D
Great analyze of individual stocks specially the MA touching the 200 ma. Thank you
@DKellerCMT
Күн бұрын
Glad you enjoyed this one! D
Thank you for the trade ideas!
@DKellerCMT
Күн бұрын
Glad you enjoyed this one D
Thanks Mike
@DKellerCMT
Күн бұрын
No problem, Bob. D
It's funny! I didn't get the title at first! 😆
@DKellerCMT
Күн бұрын
hahaha gotcha! D
Give the market a tic tac then.
@DKellerCMT
Күн бұрын
Seriously! D
What's happening with Crocs?
@DKellerCMT
Күн бұрын
$CROX with a pretty classic pullback to ascending 50-day MA! D
Lowest vol since 2017.
All the bots in this comment section need to get removed.
@StockChartsTV
2 күн бұрын
Done. They are so annoying!!
@jollyamoeba
2 күн бұрын
@@StockChartsTV Nice Work!
@StockChartsTV
Күн бұрын
I spend A LOT of time each day reporting/removing scammers and bots from our comments - it's a labor of love for our viewers!
Dave... It seems that 'Bad Brea(d)th' is helping keep the 🐻's away 🦾😛🎸
@DKellerCMT
Күн бұрын
Apparently this is true!! D