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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: May 13, 2010
Beware of 'strong hands' selling
Our firm technician has been muttering concern about weak and declining volume in the stock market rally since last May. Day after day, as price moved up, volume moved sideways and down. A bull market is supposed to have volume … Continue reading
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