Charting My Interruption (CMI): “Do New Highs Mean Blue Skies?”


  • Although the SPY and QQQ ETFs have registered new highs, we don't see enough evidence to say we should be adding to long exposure after the recent 5% plus rally.
  • Rather, we see divergences and lack of breadth "thrust", leaving us with a preference to hang on to what we bought in April, and see if things can get better from here.
  • As such, we stick to our plan of avoiding aggressive buying up here, selling/reducing. . .

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