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Stock impact report

After the Rally: Here's What's Changed and What Hasn't [TheStreet.com]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: TheStreet.com
The Market I'd love to tell you that today's rally changed a host of indicators, but it didn't. In general, the day felt more like new money came in for the quarter and therefore the rally was very concentrated in the indexes. I’m not even sure it changed sentiment all that much. There are, however, a few indicators that are worth noting. First, we already know that the number of stocks making new lows has been contracting. It has been enough that the Nasdaq's 10-day moving average has peaked. The prior two (big) peaks on the chart came at the January low and again at the May low. The March and June lows arrived at the lower highs in the indicator. Then there are the number of stocks making new highs on the Nasdaq. I grant you there are a lot of SPACs in there (and long-time readers know I am not a SPAC fan!) but 57 new highs is the same number we achieved on September 12 when the Nasdaq was trading 1,500 points higher. Then there is the McClellan Summation Index. It is still hea Show less Read more
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