The initial claims level fell to 315,000 for the week ending March 8 from an upwardly revised 324,000 (from 323,000) for the week ending March 1. The Briefing.com consensus expected the initial claims level to increase to 329,000…The DOL reported that there were no special factors that drove the initial claims level to its lowest point since November 2013.It is likely that the drop in claims was the result of normal volatility. “ Story and charts at…
-Major market indexes reach a 52-week high while the number of stocks hitting new highs declines
-The slope of advancing vs. declining stocks declines lower while major indexes reach new highs
-Small-cap stocks weaken but mid- and large-caps appear healthy
-20% or more of stocks are trading 20% below recent highs
Using these metrics, Ritholtz says the current stock market has "absolutely" not topped out.” Video and transcript at…
It may not be “The Top”, but it might be “a top” and the NTSM indicators are suggesting a correction.