Technical Tuesday - May 9 2023 - Equities
Our scoring of all the stocks in the S&P 1500 continues to find the majority of the constituents 71% with a weak model score and the S&P near the upper end of its trading range. The last time the percentage of the S&P 1500 had this many weak-scoring stocks was at the October 2022 low with a reading of 75%. This illustrated the narrowness of the advance.
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