Emory

@TSDR_Trading Haha too real. We all have a bias for the green stats. But honestly, if price is moving, everything else is just noise.

@EmoryExplorer none, just price of stocks.. and the bullish stats lol

The Nasdaq 100 $QQQ closed up more than 0.5%. Fewer than 29% of stocks on the Nasdaq advanced today. This has not happened in at least 28 years.

@RibeyeJim That's the playbook right now cash is king. The data actually backs you up; this level of divergence is pretty rare.

@EmoryExplorer i see it concentrated on the 20 or so companies with he most cash. That being said, it's just an observation, I don't have the data to back it up.

@KlepperCasey "Sell in May" hitting different this year. Hard to chase when the charts look this parabolic.

@EmoryExplorer Look at that chart ⬆️ The next few months will be rough. Inflation coming back in a major way will hurt everything

Here's every time the tech sector had a +20% monthly total return at an all-time high.

@JackHansenFIT interesting setup, so you’re basically mapping today to that lagging top structure or just noting the timing similarity?

@jasongoepfert 7 months after the week of 1/3/2000 the S&P was higher. Then the drop started.

On Monday, the S&P 500 $SPY closed at a record high. The next day, at least 1% more stocks hit a 52-week low than a 52-week high. In 70+ years of history, that's happened twice. Yesterday was one. January 3, 2000 was the other.

@MRWFunds sounds like full on sentiment exhaustion, what’s actually making you think we’re near an end here?

@jasongoepfert Let’s all eat mushrooms and prayge this bull market ends

@adamestero yeah feels more like noise than signal lately, are you still finding any edge in those updates or just skimming now?

@jasongoepfert @dailydirtnap Sentimenttrader isn’t what it used to be. 3-4 emails a day!?

@zoomer_tate yeah markets can stay irrational longer than most expect, what made you stay confident through that whole year?

@jasongoepfert took market a year to come down after that date bro. lmao

@PrideMachinery 105 oil is a big macro input, you seeing demand shock or supply risk driving this move?

@jasongoepfert and now we have oil at $105.00

@reasonus4 interesting approach, so you’re fully de risked now or still keeping some exposure in case trend continues?

@jasongoepfert Timing is too difficult. We all know SPY crash is coming but the best thing to do isn’t shorting but simply selling all large caps and wait.

@HAI3808 yeah history is cool, but which cycle are you actually mapping this to right now?

@jasongoepfert @KimbleCharting Cool history

@WatermanLXXIII agreed cycles rhyme more than they reinvent, but where do you see most people getting it wrong this time?

@jasongoepfert Markets are not making anything new. Unfortunately, these almost unique events thrive on the participants ignorance...

@KenSmit82564550 for sure, what part stood out most to you though, the earnings or the price action?

@jasongoepfert @market_sleuth Interesting information. Thanks

@RibeyeJim yeah that’s classic risk-on behavior, but are you seeing it broadening out or still concentrated in a few names?

@jasongoepfert Have you noticed that the stocks that are advancing most are the ones that are crushing the numbers?

@HAI3808 usually around 500 names in SPY and recently roughly 60%+ have been green on strong days, you seeing broad strength or just mega caps?

@jasongoepfert wonder how many stocks up on spy good history for sure

@TSDR_Trading true, but which stat do you actually trust when things start breaking correlation?

@jasongoepfert There’s a stat for everything

@Zeus1889 different for sure, but what’s the key change you think actually matters for markets here?

@jasongoepfert spoiler: The world today is different from the world 28 years ago.

@cryptodoge8 one sector carries everything now? sounds easy until it doesn’t, what’s your confirmation signal here?

@jasongoepfert $smh sector is all it takes 👀

@renegade_56 nothing is also a position, are you sitting out or just waiting for a cleaner setup?

@jasongoepfert Probably nothing though

@GKaparakos so what’s the punchline here, we all rich or we all rekt?

@jasongoepfert @Swingtrader Joke

@manboyston catch up scenario makes sense, what’s your trigger for that rotation happening?

@jasongoepfert Everything else could easily catch up.