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Stock impact report

So Many Stocks Have Not Participated in the Rally [TheStreet.com]

International Paper Company (IP) 
Last international paper company earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: internationalpaper.com/performance
Company Research Source: TheStreet.com
This past weekend as I was catching up after having taken a week off I noticed so many stocks had not participated in the rally. Just look at the charts of Ford ( F ) , International Paper ( IP ) and almost any oil stock to see that the rally was not as widespread as it should have been. Yet the cumulative advance/decline line continued upward. Oh sure it came back down after midweek but all in all, it is still generally pointing up not down. This is simply not a negative as long as it makes higher highs. Is the rally narrow? A bit. For example, the number of stocks making new highs continues to contract not expand. Friday's minor new high in the S&P was accompanied by exactly 94 stocks making new highs. That's fewer than the nearly 200 we saw in June and fewer than the 400 we saw in January. My own Oscillator reached an overbought reading last Wednesday. It has come down quite a bit. If we saw a few down days we'd likely see it back to oversold quickly. When we look at the Nasdaq Show less Read more
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