Losing Steam: This is our 4th. weekly update on what is happening to Leadership stocks ...

Every night, we crank our computers up as they look at every stock trading $2 or higher on every exchange.

We get a count of the Very Strong Leadership stocks and a count of the Very Weak Stocks in the Broad Market. From this data, we subtract the number of Very Weak Stocks from the number of Leadership stocks.

The result shows if Leadership stocks are growing faster than the broad market (a rally condition), or if Leadership stocks are falling relative to the broad market (a negative condition).  (In market corrections, the Strong to Weak number goes Negative indicating that Weak Stocks have outnumbered the number of Strong Stocks.)

Yesterday, June 24th.:  The Very Strong Leadership stocks remained very Negative with a sharp down movement. (They were outnumbered by the number of Very Weak stocks.)   Upside rallies always have Leadership stocks moving faster than the broad market stocks.  Downside corrections always have the Leadership stocks falling faster than the broad market stocks.  This is a high-risk condition exhibited by the lagging action of the Leadership stocks.

(More extensive charts on this are found on our paid subscriber sites, including whether or not Institutions are in Distribution or Accumulation now.  Institutions typically move to Distribution BEFORE the Very Strong Leaders move to a negative condition.)  Feel free to share this page with others by using the "Send this Page to a Friend" link below.

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