The Market Is A Story Of “Big Tech Vs The S&P 500”

person using macbook pro on black table

Image Source: Unsplash

Just a few minutes before the close this afternoon, the SPX was grinding right up against its expected move - a level we called days ago.

So, no surprise there.

The upside “grind” isn’t really the big story here. The thing that’s got my attention is divergence. It just keeps on widening.

Tech is leaving the broader market behind - post-NVDA split, too. And as I’ve said before, divergence usually ends in volatility.

You better believe we’re talking about that tonight - we’re going to look at SKEW, the VVIX, the greenback and, just because we don’t have enough on our plates with all this @#$%, the looming return of the Triple Witch.

Video Length: 00:23:38

More By This Author:

Oil Slips Lower as Electric Utilities Power Up
The Tech Divergence Has Grown To Epic Proportions
Stocks Are Coiling Up Near Highs… And Powell Hasn’t Spoken Yet

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

How did you like this article? Let us know so we can better customize your reading experience.