FAST FIVE: Stocks Surge As Earnings Roll-In, But Is Risk Gone?

Published by on

Our concern is that while the expected rally from support occurred, there has been very little “conviction” to that advance.

Extremely long periods above the 200-dma have often preceded larger drawdowns.

For an “average” to exist, the market must trade both above and below that “average price” at some point.

Another measure is the P/E to VIX ratio which recently also peaked at 2.0.

While that time is not now, don't become overly complacent, thinking this market can only go higher.

Categories: ZH