Tom Bowley: This is NOT a healthy market advance and unless it changes soon, I'd continue to grow more and more cautious

Tom Bowley: This is NOT a healthy market advance and unless it changes soon, I'd continue to grow more and more cautious. The good news is that volume trends and momentum remain primarily in the bulls' corner and that could support higher prices in the very near-term. Last week, the S&P 500 and Russell 2000 both set all-time closing highs, but I have to question the leadership of this rally. I grow uneasy when the four aggressive horsemen - technology, industrials, financials and consumer discretionary - lag when the stock market moves to fresh highs. It's an indication that there's really not a lot of faith in the move to the upside. If those investing and creating the breakouts have no faith in the advance and are not willing to take big risks, why should I? And why should you? More here: (VIEW LINK)


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