The Warning Signs Are Starting To Flash
The Warning Signs Are Starting To Flash
Jeff Clark | Nov 18, 2020 | Market Minute | 3 min read
The bulls are running wild again.
The S&P 500 hit a new high on Monday. The Dow Jones Industrial Average is within spitting distance of 30,000. The tech-heavy Nasdaq is leading the way again. And, we’ve just entered a strong seasonally bullish period for stocks.
On Monday, though, just as the VIX was approaching its lower BB, the NYMO closed above 67. It’s certainly possible this overbought condition might help fuel a stock market pullback in the coming days.
But, there’s no harm in being a little careful here. We’ll likely have a better chance to put fresh money to work in a week, or two.
https://www.jeffclarktrader.com/mark...ting-to-flash/
Bookmarks