Energy is the most important sector to watch in 2021.
This could be the start of a Major recovery – but remember what I said in December:
Past cycles had lots of Trend *and* Trading opportunity.
The Trend has been nearly perfect. Be prepared IF things change – especially now. pic.twitter.com/kDlbKf7PlX
— Macro Charts (@MacroCharts) March 5, 2021
Yesterday was the biggest split in almost 40 years.
There were so many stocks hitting 52-week highs AND 52-week lows on both the NYSE and Nasdaq that it registered the 2nd most extreme reading since 1984.
Split markets have a strong tendency to be "not bullish." pic.twitter.com/91Z4kFEDOM
— SentimenTrader (@sentimentrader) March 5, 2021
My latest Chart In Focus article, "Bitcoin’s Quirky Leading Indication for Stocks", is posted at https://t.co/2a1rgoxJ6V. pic.twitter.com/jBIAbVLscI
— Tom McClellan (@McClellanOsc) March 5, 2021
With many comparisons to late-90s, interesting to note that S&P 500 Tech peaked in March 2000 but market ex-tech didn’t peak for another 14 months, when Tech sector had already fallen by 55% @bcaresearch @Refinitiv pic.twitter.com/tNt9TBjYWr
— Liz Ann Sonders (@LizAnnSonders) March 5, 2021
GameStop is the new VIX. pic.twitter.com/tURfplrxot
— Bespoke (@bespokeinvest) March 5, 2021