stock here: yes I follow stocks, been trading actively since back from Hawaii. Easier to focus compared to when I am actively working, or surfing.
Second time I noticed this. A story is presented in a financial paper, usually puts people on edge or scary, like today the story was that for the Nasdaq that we “are in unchartered territory” and that the market is so stretched it looks like 1999 (and that major crash).
The criteria was the length of days in a row that were above the Nasdaq Index Daily Closing Cost, above the 20 Day Moving Average.
I got the data, and is way geek like manner, taught myself some Python, and also did a process by Excel Macro. The data really show that there were 20 instances of long runs of price above the 20 DMA. Not just 2, as they claimed.
It’s weird are they trying to scare people, so that they make the worst decisions, leave the market altogether? Or is it clickbait, or both?
So here is my work. 1980 had the longest streak at 82
Third down is a histogram showing how ofter and how far the price is from the 20DMA, we are at 2.5% right now, that is very common, NOT even stretched at all 9% is stretched.
