Some Say the Market Can’t Fall, But Has Buying Begun to Dry Up?
Sentiment remains bullish for the Mags and Semis. But volume appears to be narrowing. Here’s my analysis.
Sentiment remains bullish for the Mags and Semis. But volume appears to be narrowing. Here’s my analysis.
Let’s look at the sentiment cycle chart to see where we are. Hint, while we’re not at ‘enthusiasm,’ we’re also not at ‘panic.’
Why was the market down on a day that breadth was positive? It’s that either/or market again.
It’s counterintuitive, but if more people turn bearish, then there is more fuel for a rally as those investors jump back into the market.
The tech stocks are due for an oversold rally. Sentiment remains complacent, but more bears are joining the fray.
The best rallies set up from a place of fear. So, although stocks may be nearing oversold, until investors are fearful, we can’t expect much from a bounce.
The pros start to turn bearish just as the big cap tech stocks reach oversold. Are retail traders far behind?
The either/or market continued for another day with tech stocks continuing to fall. They’re nearing interesting support levels, but a bounce could be followed by more downside.
The Equal Weighted indices have been on a tear lately, while the Nasdaq has not. It’s been the story of 2026. You can go with this, or you can go with that.
Answering readers’ questions about the bonds and Nasdaq.