What an electrifying and thrilling market we’ve all loved since Sunday’s opening bell.
I imply, actually, you’d assume there was NOTHING occurring on the earth, and the final time I checked, there’s extra occurring on the earth proper now than in, oh, DECADES.
A key chart for me continues to be the iShares ETF (NYSE:), which is positioned close to the peak of its vary. It significantly wants to start out weakening, or else we may discover ourselves make in the identical damned quagmire of a market we’ve loved for occurring fourteen years.
As earlier than, a secret’s going to be the mega-mega-mega-cap shares, Apple (NASDAQ:) specifically, which have held this beast up. AAPL is unquestionably at some extent indicating the counter-trend bounce is exhausted, however trustworthy to God, this market is performing so weird proper now, it’s onerous to maneuver confidently.
, also called the How Enjoyable Is This Market to Commerce Indicator, seems like a hospital’s EKG. Our final peak was manner again on March seventh, and it’s had the ever-loving life crushed out of it.
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