Stocks Starting An Intermediate Decline?

I noted in my previous video that I didn’t like the upside potential for stocks. They were too stretched above the 200 DMA, and the COT was too bearish. It now looks like stocks may be starting an intermediate degree decline. There is risk this could drag oil down with it. So I don’t think I would want to be long energy at this time either.

Video Length - 00:02:23