The Pulse Of The Market

“In the industry groups and the S&P 500 sectors, majority of them are not doing well, and most of the major market indexes have turned down from their ATH. These are signs the market has been flashing to us for a while. Soon, the market will act based on these signs. Do not let your guards down. Size down!”

bearishNo ticker named

• Mon noon, SPY ($773.30) +0.5%
• Wed close, SPY ($777.22) +1.0%
• Fri close, SPY ($778.57) +1.2%

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“All of these signs are telling us that things are not what they look on the surface. The ATH is a warning of the end of this bull cycle and not the beginning of a new one.”

bearishNo ticker named

• Mon noon, SPY ($765.49) −0.8%
• Wed close, SPY ($762.63) −1.1%
• Fri close, SPY ($769.64) −0.2%

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“I hope you have picked up the cautionary messages as you were read through this weekly review. It appears the market is preparing for additional pullback. The market internals are flashing signs of weakness. All the major indexes other than SPX and NDX are in a near term downtrend pattern.”

bearishSPX, NDX

• Mon noon, SPY ($770.73) +1.2%
• Wed close, SPY ($767.81) +0.8%
• Fri close, SPY ($771.35) +1.3%

SourceCall detailDispute this grade