There are other cautionary signs. The full post can be found here.
Market correction signals
April 26, 2023 at 16:05 PM EDT
Mid-week market update: Subscribers received an alert on Monday that my trading model had turned bearish. Despite the positive reaction to the Microsoft earnings report, which is holding up the NASDAQ today, there are plenty of signs beneath the surface that the stock market is weakening. The failure of the S&P 500 to hold its MSFT led gains today is disconcerting. Three of the four defensive sectors are
either in relative uptrends or staged upside relative breakouts, which
is an indication that the bears are seizing control of the tape.
There are other cautionary signs. The full post can be found here.
There are other cautionary signs. The full post can be found here.
