As I have mentioned in previous updates, I am bullish on the stock market. However, many of the long-term charts have been showing negative divergences that continue to build. These divergences can last for very long periods of time so they are not really actionable until you get confirmation in market price and market breadth charts. This has not happened yet, but some important short-term charts are starting to show weakness and these factors are flashing a warning sign that I thought was important to share with you.
If you have any questions, or if you want me to review your retirement account allocations, please feel free to contact me.
Craig Thompson, ChFC
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