Market risk update, some signs of weakness starting to show
Time once again to post the risk grid. IWM/SPY ratio has taken out a support level going back to 2011, and is most certainly a bearish signal. Most of the other indicators have not yet confirmed, but the # of stocks above their 100-day is in neutral territory. While not yet bearish, this is certainly sends a flag that the market could be getting ready for a correction.
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