Markets – Macro – Technicals


$NDX made another new all time record high today. Another V bottom off of the Monday morning lows. The winners into quarter end: The monopolies of power. GOOGL, AAPL, FB, AMZN, etc. The big cap tech stocks. Same story as all year so far. Yesterday I mentioned $MSFT.

Yet with each new high the story seems to get weaker as fewer stocks are above their 50MA. This is is the same trend I’ve been noting in a few sectors across the board this year. I consider it a negative divergence.

All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.


Tagged as: , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
Home | About | Disclaimer | Contact
Copyright © 2013-2017 NorthmanTrader
The materials on this website may not be suitable for all investors and are not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.