Research, Technical

Lowry Mid-Week Commentary: March 13, 2024

Vincent Randazzo, CMT, Head of Technical Research
13 March 2024


The stock market has shown signs of expanding demand, particularly for mid-cap stocks, indicating a favorable investing environment. There has been an expansion in upside participation in Lowry's OCO universe, which is heavily populated with smaller-cap issues. This reflects broadening investor demand and suggests that the market has more time and room to run. The Percent of Operating Companies Only Issues Above 30-Day Moving Averages has climbed to a healthy 82.03%, indicating an improvement in market health. The same improvements are true for the Percent of NYSE Issues Above 10-Week Moving Averages.

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