When you’re trading, it pays (literally) to develop a list of “usual suspects” you can use to get a read on the market in a matter of seconds.
Financials, energy, tech - those are a few of my usual suspects. What I see isn’t all that great… The other day it looked like Christmas came early, now it looks like it’s been cancelled - with a few exceptions
Financials and energy are choking out. The advance/decline line of stocks going up vs. stocks going down is now decisively negative.
But, man, take a look at tech - it’s the only game in town right now. Trouble is, I think that’s masking some underlying shifts that are going to hit the unprepared like a ton of bricks.
Here’s what I see…