Keeping A Close Eye On Momentum In The US Equity Market

Jon Alternative Media, Blogosphere, Market Commentary, Technical Analysis

Authored by Steven Vanelli via Knowledge Leaders Capital blog,
Over the last 20 days, the US equity is showing early signs of exhaustion, and momentum is beginning to weaken.
In the following charts, we’ll highlight the various technical measures we calculate each day to illustrate the early turn in momentum. Our KLSU DM Americas Index represents the top 85% market-cap of the US and Canada.
First, after peaking near 80% above the moving average a month ago, now only 55% of stocks are above their own 20-day moving average.

This post was published at Zero Hedge on Oct 27, 2017.