Markets – Macro – Technicals

RSP Crash

Yesterday the $NDX made new all time highs driven again by the usual suspects. $AAPl, $FB, etc. I keep pointing it out until I’m blue in the face I guess, but the the story of the bifurcated market continues.

On yesterday’s new $NDX highs fewer components stayed above their 50MA, again, and over all equal weight seemed to collapse as volatility hit 10 year low with stunning chart to boot as I outlined in Panic Compressions.

Make of it what you will, just don’t call it a broad based market:

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