The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.
Pullback,
Correction and Bear Market
Pullback: 5% off 52W High Correction:
10% off 52W High Bear Market: 20% off 52W High
Benchmark
|
Symbol
|
52-Week
High
|
Condition
|
Russell 2000
|
IWM
|
-0.25%
|
Bull Market
|
S&P 500
|
SPY
|
-0.60%
|
Bull Market
|
Dow Jones 30
|
DIA
|
-1.09%
|
Bull Market
|
Nasdaq 100
|
QQQ
|
-1.53%
|
Bull Market
|
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