[Data: 48% of Nasdaq-100 components have retraced over 20% from their highs, 64% remain above the 200-day moving average] BlockBeats News, July 12, 48% of the Nasdaq-100 Index components have retraced at least 20% from their respective highs. This proportion has doubled over the past 12 months but remains below the 60% level seen before the market bottomed at the end of March, and is still far from the extreme scenario of 80% during the 2022 bear market. Meanwhile, 64% of the components remain above the 200-day moving average, close to the highest level of the year—compared to just 38% before the market bottomed on March 30. The rally in U.S. stock indices is increasingly reliant on a handful of stocks for support. [Original Link]