Walmart Tumbles While Investors’ Attention Is Laser-Focused on Tech
Is this a market of stocks or a market of tech stocks? People have stopped paying attention to anything but tech.
After 8 Straight Green Days, Is the Market Overbought?
Let’s look at key indicators to see when momentum begins to decline.
Stocks Look Euphoric Again—and History Says a Pullback May Be Next
Bullish sentiment is surging across key indicators, and similar setups recently led to fast S&P drops. This market may be due for a shakeout.
Walmart Stock Gives Investors Something to Fret Over
Let’s talk about the chart patterns of some key stocks, including Walmart, which is starting to look like Microsoft stock from last November.
A Lower High for New Highs?
Today saw a rise in new highs on the NYSE, but there were still about 20% fewer than just two weeks ago.
The ‘Others’ Just Can’t Catch a Bid
It’s still an either/or market with money flowing into the tech leaders, but not the others.
Traders Are Complacent, But Is the Market Headed to ‘Anxiety’?
The market continues to follow the sentiment cycle chart, and it appears that we’re currently at ‘anxiety’.
Traders Remain Complacent Despite Bad Breadth
I’m still expecting the market to reach oversold levels sometime after Memorial Day.
Looking for Stocks to Reach Oversold Levels
It’s likely that they’ll get there, but probably not until next week.