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I am seeing weakness in stocks with a loss of momentum and volume . There are several interesting red flags I'm observing at this time on many of my indicators.This is just one of many but it shows the percent of s&p stocks above their 50-day moving average. It can serve as a leading indicator and should be observed with a comparison of the index as well as a stoch / rsi or momentum indicator . We can stay in creep mode for a while but I'm expecting a drop soon. I'm not certain if it'll be a lower low (than March) or just a mild 10-15% correction but we should know soon enough. Time to hold fast.
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"this here" missing from the above quote. Apparently TV doesn't like brackets
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a potential tipping point- the vix is breaking out of a small wedge
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I'm adding some short exposure to cushion some of my longs. i like to hedge with put options out for more than a year on expiry. it's getting a bit much here people
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"I tell ya.. the Devil's at the wheel at phantom ship.
You'd better hold fast."