S&P 500 Sends Mixed Technical Signals as Rally Nears 10%: Chart

U.S. stock-market internals are exhibiting conflicting signs as the rally in the S&P 500 Index approaches 10 percent from the low reached after Brexit. Just 5 percent of companies in the benchmark have rallied far and fast enough to breach a level analysts deem “overbought,” versus the average 15 percent in comparable rallies, data compiled by Bloomberg show. At the same time, the gauge’s 10-day moving average is 5 percent higher than its 200-day mean, the widest gap in more than a year.

    Before it's here, it's on the Bloomberg Terminal. LEARN MORE