The market marched up today. the distribution days are 7 for s&p and 5 for NASDAQ (a distribution day is when there is high volume selling, higher the count greater the chance that the market would get into correction).
The Delta MSI is also bullish. It measures the position of ~3,600 stocks relative to an intermediate-term moving average crossover (MAC) point. When greater than 50% of the stocks followed are above this MAC point, the market is bullish and equities are attractive. When the indicator is below 50%, risk is elevated and stock exposures should be reduced.
|Current Sentiment||Last Week||2 Weeks Ago||3 Weeks Ago|
Now Lets look at Celgene Corporation (CELG)
Key characteristics : This is NOT the top 50 stock (it was in June of 2013). But it is has just yesterday popped from a base, and has made a new high.
Any financial entity making new highs continue to make new highs, like wise a financial entity making new lows will continue to make new lows.
Its Earnings per Share rating is 98 (top 2%). It is in medical sector – Sector rank 6. and Industry group rank of 39.