About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Saturday, August 03, 2013

Market Breadth Has Yet To Confirm Recent Advance

Recent strong equities performance to new highs has yet to be confirmed by a run to
a new all time high for market breadth. Hardly fatal, but this non-confirmation is worth
your continued attention anyway as it could signal a more narrowly focused advance
for the market even if it does not necessarily presage a topping stage. Obviously, the
non-confirmation from the adv / dec line is small enough now that it could overcome it
easily enough during further positive price action. Breadth Vs. Price

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