Am I nuts? Time will tell…
Stocks have been consolidating for the past month and a half. Distribution days have been piling up in a hurry. Right now, the distribution day count on the S&P 500 stands at 10! By any measure, that’s a lot of distribution!
There’s a lot of reason to be cautious here. I’m not denying that. However, there are still a few reasons to give this market the bullish benefit of the doubt.
In this video, I explain why I’m still giving this market a shot! We look at the S&P 500, the NASDAQ and Russell 2000 (by way of QQQ and IWM) as well as a recent trade I put on in AMAT.
Please let us know…
- If you like the video, leave a message telling us what you liked about it.
- If you think this video sucked or I’ve lost my mind still giving this market a shot, let us know about that as well.
- If there’s something you’d like to see in a future video, please let me know and I’ll get to work on it.