Weekly Scorecard
Notable talking points:
I hid the week of 2/19/21. My goal here is to look back over the past 4-weeks.
Weekly RSI is showing a bearish divergence. This raises my awareness and is not bullish. If stocks break down anytime soon, technicians will point back to this momentum environment as “a clear sign” that markets were poised to correct. I don’t think it’s clearly anything other than information we need to be aware of.
High Yield Spreads are moving up, posting higher lows and higher highs. This is the start of a short-term trend. Again, simply information we need to be aware of.
Value is now in a positive trend relative to Growth.
