Although the trading day is still on, the S&P500 has set a new record high intraday this Monday February 24th.The new 52-week highs this last week totaled 353 and the lows only 52, better than the week before when the highs were 272 and lows 67. both weeks were good and much better than for the two weeks before that. So yes, it seems like the market is climbing a "wall of worry" again. And the breadth was positive too the last two weeks and even the week before that whereas it had been negative for two weeks before that, one of which had good new high and low figures.As has been the case for some months now, the NASDAQ has been even better than the NYSE with 368 new 52-week highs this last week and only 47 new lows whereas the week before saw 291 new 52-week highs vs 54 new 52-week lows. the breadth was also positive this last week although not as good as the week before.So here is even more information for "risk on."brucedoe
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