6 Charts In 60 Seconds
It’s Messy Out There
The market is messy, if you have an ego to feed do it somewhere else. You make money by listening to the markets message not by trying to define it.
$SPY – S&P 500 is Messy. $540 is the level but I want to see strength at POTENTIAL support and that’s not existent at the moment.
$QQQ – Nasdaq 100 is Messy. $460 was the key level we are now below. Basic physics teaches us it needs to stop falling before it can rise again.
$EQWL – S&P 100 Equal Weight is Messy.
$QQEW – Nasdaq 100 Equal Weight is Messy.
Percent Of Stock Above 20 Day Moving Average By Market Cap is Messy.
Percent Of Stock Above 50 Day Moving Average By Market Cap is Messy.
It’s messy. Don’t be a hero.