A lack of enthusiasm on the part of the 'crowd' remains an important positive factor.
The action is shifting a bit and the momentum has cooled.
Valuation continues to be troubling.
I have to remind myself that they should just be an adjunct to the trading of individual stocks.
S&P 500 remains overvalued amid market weakness.
The headlines about increased Covid-19 cases are unlikely to be a significant market factor as we wrap up this week and enter next week.
Assessing the damage to the indices after Wednesday's drop.
Two things to focus on; trading strategy; a look at SPY; and the upcoming rebalancing.
There's one persistent reason why we are not more bullish.
Are equity markets still in a confirmed uptrend? It depends on which index you look at.