Another balance day in the market averages on Tuesday. So far the market is slightly lower off the cycle high identified a week ago. My selected shorts in ARKK and LVS are doing pretty well. The longer the balance lasts generally the larger will be the move out of balance. In the last 30 weeks we have 23 up weeks and 7 down weeks.

That is the strongest 30 week period in 35 years. Can it continue? Well the market CAN do anything. The question is do you want to bet that an anomalous 35 year event continues further? I don’t. So far the semis are holding the market. If Nvidia breaks IMO so will the broad averages. The “tell” stocks I identified yesterday plus Nvidia the ones to watch. 

Thanks,

Joe