Ten stocks are generating 70% of the rally in the S&P. This is very exceptional and something to keep a close eye on. This doesn’t mean run for the hills. It does mean you have to adjust accordingly. Take a look at the update I just sent to subscribers that shows how this looks for the index.
With the strength in the markets not correlating with breadth, it is imperative to look at each individual ticker closely when finding trades. This is not an environment to simply go long or go short. I send these updates to my subscribers daily and you can get all of them for just a buck here.
Thanks,
Joe
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