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Recently, the S&P 500 has been holding near its highs. But few stocks are participating in the advance.
What gives?
That’s the situation investors refer to as market breadth. And it’s been weakening of late.
But tracking a broad market index like the S&P 500 can tell you one story. Following the individual stocks trading inside it can tell you something else.
So what does that mean for investors, and is it a reason to sell?
One way to answer these questions is to look at what happened in the past.
And that’s where my friend Paul Hickey, cofounder of Bespoke Investment Group, comes in.
Paul joined Crystal and me for the latest Navellier Market Buzz to discuss the market’s narrowing leadership. We discussed how the tech-heavy Nasdaq hit a new high a week ago after more than three-and-a-half months of meandering.
Hickey looked at similar setups to this one, and what happened over the following month and six-month periods.
We also talked about the recent rise in Treasury yields, what could derail the current market rally – and two “triple play” stocks on Paul’s radar that should maybe be on yours, too.
Click the image below to watch this week’s Navellier Market Buzz.
Get Ready for a Trading Challenge
Some of you may remember my friend and colleague Jonathan Rose – a former guest on Navellier Market Buzz. He spent nearly three decades on some of the most active trading floors in America – the CME, a bond futures desk he helped grow from six people to 150 traders, and four years as a market maker at the CBOE.
These days, he goes live on YouTube every morning at 11 a.m. Eastern at Masters in Trading LIVE to work through what’s moving and why.
He’s also hosting a free live event later in October that you won’t want to miss.
It’s called the $10K to $100K Challenge – and it’s where he’ll walk through the exact signals he uses to find big winners in less time (and with less risk) than most people realize.
We’ll have more details on that event real soon. In the meantime, you can get Masters in Trading LIVE delivered to your inbox daily by going here.
Sincerely,
Louis Navellier
Editor, Market 360
