The view from Wall Street: No ordinary rebound

US stocks gained for a third consecutive week and some indicators are bullish.

Summary: The US market has recently experienced three “volume thrusts”, meaning volume traded in advancing stocks overwhelmed volume traded in declining stocks. A “breadth thrust” occurred over the same period, meaning the 10-day total of advancing stocks outpaced the number of declining stocks by a wide margin.

Key take-out: These indicators are typically bullish and some commentators infer that the US rally is firing on all cylinders.

Key beneficiaries: General investors. Category: Shares.


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