Market Divergence Warning
Hey, it’s Ross Givens here with the Chart of the Day. With over 50% of stocks below their 50-day moving averages and more than 55% beneath the 20-day moving average, market breadth raises caution flags. Despite this, the S&P 500 continues to hit record highs, signaling a divergence. Brace for a potential short-term market pullback. However, divergences can also present opportunities, and I delve into the positive aspects in today’s Insight.
February 8, 2024
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