![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWCIqLk1INioQ0MMsdIRHUHwVQUNLXusL2gnTtEhizKd4w1Lbr4uN3_eu3TvbsqdL26109P3NTfkATkYzrx1rKO9_nGtWQMSh-Q32zMqI-fTLH-Vbtu4T5zbBlVdtxime_P9KO6HJXEyvV/s400/%2550.jpg)
The S&P looks ready to make higher highs, but will likely do so against a backdrop of fewer and fewer stocks above their 50 day MA. This is significant divergence, and last occurred at the April highs. Initiating new longs at this point is a high-risk trade. I'm glad I'm hedged.
No comments:
Post a Comment