there was a high level of professional participation on Thursday and almost all of it was on the same side of the market.
I have never seen a market downturn end on its own, without the Fed turning dovish as a catalyst or in response to some crisis-level situation.
In times of geopolitical uncertainty, defense spending increases. But these names also make a great hedge against inflation. Here are several individual stocks and ETFs to consider.
Charts and market breadth still need improvement.
There is likely to be plenty of shoving and pushing as traders position for the reaction to the Fed news.
Caution is warranted right now.
In plain English, professional money was active on the sell side of the market on Monday, as the indexes broke their May lows.
All index charts break support and turn negative.
Put on your oven mitts.
Let's examine the latest charts and data.