« Silver Fails the First Test | Main | Market Shakes Off a Rough Start to May »
Tuesday
May102011

S&P 500 Breadth Back at New Highs

DateTuesday, May 10, 2011 at 05:51PM

As mentioned in our prior post, the S&P 500 has quickly shaken off the weakness to start the month of May.  Although the index is still 1% below its 52-week high, breadth readings suggest that new bull market highs are in the cards.  As shown in the chart below, with today's rally the S&P 500's cumulative A/D line is now back to new bull market highs.

Subscribe to Bespoke Premium to receive more in-depth research from Bespoke.

CommentPost a Comment | | | Print ArticlePrint Article |
in

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
Alert
Comment Sent to Moderator
Due to the inordinate amount of spam comments posted on our site recently, we are now forced to approve comments before they are posted on the website. We apologize for any inconvenience this may cause.

Notify me of follow-up comments via email.