A Quick Look at Tech’s Volatility, Railroads Tracks, and What’s Next for the Markets by Guy Cohen
When Guy Cohen say volatility is coming, to be fair, it’s already arrived as we saw at the end of the previous week when tech stocks took a hit from which they haven’t yet recovered.
Learn How to Deal With the Current Market Form Guy Cohen
Guy isn’t really in the “prediction” business, but he’s more often than not been able to sense the mood of the markets by observing the OVI for individual stocks and the broader market.
For some time he’s been observing that the OVI Sentiment over the entire S&P 500 constituent stocks is very tight with the red and green lines being virtually inseparable. This suggests significant hedging activity and/or sector rotation activity.
This means that the big investors are enjoying the new highs but are preparing themselves for yet unseen dangers. This bodes for an interesting earnings season in about one month’s time.
In today’s video Guy illustrates all that, plus how the charts that show how the amateurs were sucked into buying tech stocks on Friday 9th June before the rug was pulled from underneath them during lunch – Guy showed you that last week, but it’ll really hit home as you watch this quick video.
Also, some other stocks in today’s review, including new flags, in-play railroad tracks from last week, and how easy it is now to manage your watch list … and there’s still so much more to follow!
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