So what does that have to do with the stock market? There's a "divergent trend" happening right now, and some think it signals the end of the bull market is near.
One of them is Frank Gretz, the technical analyst at Wellington Shields.
Divergent in stock market
Gretz follows a simple theory: When the bull market is in full force, you see a lot of new highs for both individual stocks and the overall market indexes.
To put that in plain speak, when the stock prices of companies like Google (GOOGL),Yahoo (YHOO, Fortune 500) and Coke (KO, Fortune 500) are reaching new highs, you would expect to see lots of record setting days for the S&P 500 and Nasdaq as well.
Everyone wins, basically.
But a telling trend happens at the end of a bull market: We still see the overall indexes like the S&P 500 hitting new highs, but we don't see as many individual stocks peaking anymore.
[Read Full Article: The Divergent trend: Bad for stocks]