[BarnabeBear]

Thanks a lot, D !

Agree with your subsector analysis, + looking at the industry sectors a little correction on the techs was overdue lately. But the financials and industrials taking the lead (instead of tech and dicretionary consumer) does not feel like the beginning of a bear mkt but rather like a logical rotation within the cyclical sectors. The dance is not over yet.

See you next week!

Hi Mr.Bear

I though about that also being a possibility, sector rotation.

What do you make of the NYSE AD line and the Momentum index?  Stan looked for guidance there.. 

Here was my analysis on it https://youtu.be/viYpgmo4qso

Recap => neg. divergence with $spx (money rolling from riskier to bluechips) + appoaching negative territory...

Regards,

Patrick

Shoot, did not see this one on time, sorry about that, Patrick, I'm on hols with poor internet access.


In a nutshell, ADLine and momentum index: I follow them a lot ! At the time of writing (2 weeks ago), those indicators were (and still are) healthy, hence the reasoning that at best we were seeing sector rotation in a bull market and not the beginning of bear market. Which I still believe today after the relatively ugly thurs and fri sessions. But if breadth continues to deteriorate like yesterday, then the story will be different, of course.

In this respect, I'm (again) very much in line with what Dejan just posted above (and thanks again to you D. for doing this!): imha, the end is not (yet) nigh