Monday, July 20, 2015

7/20/15 A bad divergence

The S&P100 (OEX) are the top dogs.  On May 21 a new all time high was made.  Since then there has been a rotation to them and today another all time new high was made.  But the number of shares above the 200 moving average dropped by a couple of issues.  And the number of issues above the 200 day moving average was 84 on May 21.  Today with a strong new high the number of issues above the 200 day moving average is 68.





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