FYI: A number of technical signals used by analysts to gauge the health of the stock market have flipped to positive from negative, a shift that is buttressing some investors’ faith in the 2019 rebound despite last week’s volatility.
While the technical measures mostly amount to various observations that stocks have gone up sharply this year, they are being consulted by investors who are struggling to reconcile a dizzying December swoon with a dramatic January recovery.
Major U.S. indexes have crossed or are nearing their 200-day moving averages and the number of stocks setting 52-week highs is on the rise, among other indicators favored by portfolio managers and investment gurus trying to divine the market’s next move.
Regards,
Ted
https://www.wsj.com/articles/market-indicators-turn-bullish-after-flashing-red-last-year-11549801801?mod=djem10point
