Still seeing less participation from stocks as only 52% of stocks are now trading above their 40-day moving average.
Selling the semis and tech in general.
Equity sentiment vs returns for the S&P 500 couldn't be further apart than it is right now.
Long-term, buying S&P 500 (SPY) at the 200-week moving average has produced incredible long-term results.
No surprise here, with the Technology Sector still handling its business.
Stock market breadth, as seen on T2108 is rapidly declining.
This can't go on forever, before it blows up in their faces...
Backblaze (BLZE) breaking out of an ascending triangle today.
Since Covid, my gosh, the rise in money market funds has been parabolic.
Usual sectors taking over again, with Semiconductors (SMH) taking the lead.