Shorts pile on as S&P flirts with its 48th record in the past year - Need to Know - MarketWatch: "But that recent strength is a bit misleading. Only 6% of all S&P 500 stocks closed at or near their 52-week highs, showing that this breakout has been “relatively half-hearted,” according to Chris Weston of IG Markets.
He added that 78% of the S&P components are trading above their 200-day moving average, which isn’t nearly as many as when the year started. Don’t let that stop you."
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