Heavy buying into ETFs by Retail last Friday.
SPY Seasonal the weakest for February.
Going nowhere since September.
SMH is really beginning to drag, and could still drop so much further.
SPY doing absolutely nothing today!
Only 13% of stocks trading 2 standard deviations above their 40-day moving average. For being so close to all-time highs, should see readings around closer to 25-30%
QQQ over the past 1.5 months is incredibly choppy. Day-to-day price action means very little until this chop fest (i.e. distribution) ends.
SPY Just won't stop chopping.
PLTR is up 530% over the last past and another 23% today alone! Tech bubble is getting more exaggerated.
Investors still bullish, but lower from the reading a couple of weeks ago.