The VoSI VooDoo ReportOffbeat Ideas and Commentary from the Depths of Gil's Trading Notes
This is a fascinating chart showing how market corrections have become smaller and smaller as the market continues higher, as measured by the S&P 500. Is this an ascending wedge of sorts that indicates a the market is stretched at this point and in need of some cleansing action, or is it a measure of "coiling' that indicates a big upside blow-off is coming? I've never seen a chart like this before, so I have little to compare it to, but we can see what it is showing us with respect to current market facts. Perhaps how this eventually resolves will offer an interesting lesson, but the bottom line is that we don't have to worry about that too much since we can just stick to operating according to what the individual stock charts are showing us.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.