More weekend notes!

We wanted to add one other point to the report and that is how stretched things are.

Remember…EVENTUALLY, everything returns to the norm whether a stock, a sector or a major index and that norm is support and/or moving averages. To give you an idea:

The DOW is a whopping 840 points above the 50 day average…about 4%.

The S&P is 83 points above the 50 day average…about 3.5%.

The NASDAQ is 230 points above the 50 day average…about 4%.

Again, we do not know when EVENTUALLY and frankly markets can sit letting moving averages catch up. Just always be on your guard at these points in time.