How's your correction going so far?
The average stock in the Nasdaq is down 10% and the average stock in the S&P500 is off about 8.5% from its highs. Small-cap and Micro-cap Indexes have gone sideways for over 4 months.
What's next? Where does Energy fit into this puzzle? Can growth take over again? Stocks have a lot of work to do, especially as bonds have taken over intermarket leadership.
00:00 - Intro
01:08 - Quick review of the charts
05:16 - Tip of the Day: “Don’t over-think the intermarket analysis”
06:48 - With respect to risk aversion
14:20 - Three of the most important charts in the world
15:10 - What will it take for things to get worse?
18:02 - Who’s bucking the trend?
22:30 – Final trade
If you're interested in the slides, please email [email protected] and use the password "Hottest of Messes".