Chart of the Day: Breadth Improvement?

October 13, 2022

In bear markets you tend to get more and more stocks making new lows.

We haven't seen that.

In bull markets you tend to get more and more stocks making new highs.

We haven't seen that either.

So are we going to finally get that expansion in the new lows list?

Or are these meaningful divergences?

This is a market of stocks.

And we've been buying stocks, more specifically if they're above their Q2 lows. Otherwise, we don't want anything to do with them.

So are we going to have more to choose from, with fewer and fewer names breaking down?

Or will they finally give way, leaving us with little or no stocks above their Q2 lows?

How much weight are you putting into this chart above?

Where does market breadth fall in your list of importance?

- JC

League's Highest Batting Average

Kimmy and I went LIVE right after she finished up in the Swing Trader Pro live trading room yesterday…

I needed to pick her brain.

Why?

Because Kimmy just can’t seem to lose.

Her trades are absolutely on fire right now.

Frankly, you’re missing out if you aren’t following Kimmy’s quick-hit trading strategies.

Now’s your chance to get caught up…

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