There’s A Big Divergence In The Market’s Mojo
Image Source: Unsplash
S&P 500 - up. NASDAQ - really up. Dow30… down.
When the big indexes or usually correlated assets stop moving together, that’s divergence, and it usually means something’s happening.
Tech was absolutely screaming today, still pushing higher on Google’s “Willow” quantum computing narrative and overall optimism. And when you look at some of my usual suspects like financials, it really does seem like there’s nothing left to buy.
In fact, the advance/decline line today is only 50/50. That means this rally isn’t really coming from across-the-board strength, which again points to, you guessed it, divergence.
We’re going to look at some of the specific stocks in play right now and see how we can turn all this to our advantage…
Video Length: 00:13:01
More By This Author:
Stocks Are Catching Their Breath Now - And You Should, Too
Traders Bet On Volatility As The S&P 500 Falters
Here’s The Thing About The “State Of The Consumer”
Disclaimer: This article is republished from The Conversation under a Creative Commons license.