Most traders follow price. If the Nasdaq Composite ($NASX) is making new highs, the assumption is that the market must be strong. But as Barchart Senior Market Strategist John Rowland, CMT, explained in a recent webinar, the real story isn’t told by the absolute index level. It’s told by the stocks inside the index.
Market internals can expose whether a rally is broad and healthy… or narrow and vulnerable. And right now, that internal picture looks very different from the headline strength everyone is celebrating.
