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Ryan Detrick: S&P 500 advance/decline line nearing new highs after strong stock gains

Ryan Detrick: S&P 500 advance/decline line nearing new highs after strong stock gains
S&P 500 advance/decline line approaches highs

Ryan Detrick, chief market strategist at Carson Group, reports that 325 stocks in the S&P 500 closed higher today, marking a second consecutive day with more than 300 gainers.

He adds that the S&P 500 advance/decline line is now just one strong day away from reaching new highs.

Detrick recently highlighted that memory chip stocks including Micron, AMAT, WDC, and STX are down over 20% from recent highs. Earlier this year, he noted that Micron is now considered a growth stock and Amazon has shifted to value status. These updates reflect Detrick’s continuing analysis of trends across major equity benchmarks and sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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