Trump Rally Starting To Thin Out by Tyler Durden Jan 10, 2017 Despite the recent string of Nasdaq new highs, more stocks have been declining than advancing. One of the hallmarks of the post-election “Trump Rally” in stocks has been the fairly broad participation. With a few exceptions, most sectors and style groups have gone along for the ride, resulting in breakouts to new high ground among most mainstream indices. However, there are signs that such broad strength has begun to thin. For example, the last few days have witnessed a development in sharp contrast to that prior positive breadth. Looking at the Nasdaq specifically, we see that the Nasdaq Composite has made a 52-week high on each of the past 3 days. Despite the new highs, however, each of those 3 days saw more declining issues on the Nasdaq exchange than advancers.
