Price Trumps Sentiment and Breadth
The market continues to march higher disregarding many breadth measures and sentiment measures that at times have put a short-term halt to previous rallies. Breadth and sentiment measures like everything else, matter certain times and certain times they don’t. However, these measures make it a little harder to press on the gas in the short-term. What I do know is; that the longer your timeframe, the more irrelevant these measures are.
With that being said, below is my watchlist. I have an interest in these stocks/ETF’s if and only if they go through yesterday’s high. I will be keeping a very close eye on GLD and the Miners via JNUG and NUGT.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at firstname.lastname@example.org or 646-480-7463.
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