Aug 21 2021 14 mins
As I have been pointing out for several weeks now, stock market internals are weakening and continued to do so last week. This is why it is becoming harder to trade most stocks and why so many fad stocks plays that make up the Robinhood top 100 most owned list and the holdings of the BUZZ and ARKK ETF's are no longer working well, even though the S&P 500 made a new high two weeks ago. Leadership is now very narrow in this market and only a few sectors made a new high last week.
However, the weakness in the market internals doesn't mean the stock market is going to crash, even if it is likely to continue for sometime. I show why in this update.
To join my free email list go here:
https://wallstreetwindow.com/two-fold-formula-stock-pick
However, the weakness in the market internals doesn't mean the stock market is going to crash, even if it is likely to continue for sometime. I show why in this update.
To join my free email list go here:
https://wallstreetwindow.com/two-fold-formula-stock-pick