Stock Rally On Continuing Weak Internals And Divergences

Stocks corrected going into Monday but rallied strongly in price the rest of the week. Once again, the internals collapsed on the move higher and the Russell and Transports are still in a major downtrend. Just looking back over the last few months, every time this occurred it led to another selloff. Price trend has to be respected but with the knowledge there will likely be another correction in the offing.

Leave a Reply

Your email address will not be published. Required fields are marked *