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S&P 500 – up. NASDAQ – really up. Dow30… down.
When the big indexes or usually correlated assets stop moving together, that’s divergence, and it usually means something’s happening.
Tech was absolutely screaming today, still pushing higher on Google’s “Willow” quantum computing narrative and overall optimism. And when you look at some of my usual suspects like financials, it really does seem like there’s nothing left to buy.
In fact, the advance/decline line today is only 50/50. That means this rally isn’t really coming from across-the-board strength, which again points to, you guessed it, divergence.
We’re going to look at some of the specific stocks in play right now and see how we can turn all this to our advantage…
