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In both the US and Candian markets, fewer and fewer stocks are showing up on scans that meet uptrending criteria. Such scans include stocks that are above their 100-day and 200-day moving averages, and that are close to their highs. Add in additional criteria like improving quarter-on-quarter sales and earnings and the list of strong stocks gets very small.
The S&P 500 is about 7% off its May 1, 2019 at the time of writing.…
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