The hope was if we could get past September and October earnings that we could have a good end of year rally. We have already had a decent rally and a bigger rally could still happen but: While the DOW goes into new highs, nothing else is. While the DOW goes into new highs, advance/declines…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100318.mp3
We cannot begin to count all the negative divergences. But first…NEGATIVE DIVERGENCES DO NOT HAVE TO BE THE DEATH KNELL FOR THE MARKET…BUT IT BEARS WATCHING! New highs vs new lows…horror show. Small and mid caps vs large caps…bad. Just go look at the charts of the russell (iwm) and mid caps (mdy) vs the…
SOURCE: https://archives.warpradio.com/btr/investorsedge/100218.mp3
SOURCE: https://archives.warpradio.com/btr/investorsedge/100118.mp3
Very weird day yesterday with a ton of divergences. More new lows than new highs. A/D negative. Small caps and mid caps smacked. Growth/beta smacked…for the first time in weeks, seeing a few names breaking support. ENERGY continues upside. (not good news) FINANCIALS still gross. All this with the DOW up 200. TESLA gets it…
