James "Rev Shark" DePorre
Recent Articles By The Author
The continued push of the major indices toward all-time highs is occurring despite mediocre market breadth.
There are always various trends at work in the stock market and they often have little to do with the movement of the major indices.
At some point the market's inconsistency will resolve itself either way.
Although the indices are close to all-time highs, less than half of stocks are over their 200-day simple moving averages.
The most productive change that a trader can make is to simply understand whether the market favors directional trading or stock picking.
For a market that is this close to all-time highs there's a remarkably poor ratio of new highs to new lows.