The Dow Jones Industrial Average just had its highest weekly closing price in history.
Meanwhile, this week we also saw the highest reading of NYSE stocks above their 200 day moving average during this entire bull market.
Do you know how many times we saw a new 52-week high for the Dow in 2021 along with these breadth readings also hitting new cycle highs?
Zero.
It didn’t even happen once.
That’s because back in 2021, market breadth was deteriorating, not expanding.
See the difference? [Read more…]