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Weakness Underneath The Surface? An Eye-Catching Data Point

Writer: Lester Davids
Lester Davids
Oct 22, 2024
1 min read

Tuesday 22 October, 10h39


  • There's been a significant ultra short term shift in breadth which has caught my attention.

  • Yesterday, the number of S&P 500 shares above their 5-day moving average dropped to 33%, a sharp drop from Friday's close which was above 60%.

  • This could be a precursor to short term weakness underneath the surface.



Lester Davids

Analyst: Unum Capital


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