My latest post for Alpha Baskets is published and includes the following;
I thought of a different way to frame the swirl of indicators all saying different things at any moment in market history. There are things to be concerned about and there are things to act on. The very narrow leadership of the market this year would go on the list of things to be concerned about. Narrow leadership is an unhealthy sign but doesn’t indicate that the market has turned or offer any timing as to when it will turn.
Please click through to read the entire post.
I hope will also click over to my page at TheMaven for more commentary including my two latest;
Over the weekend we went up to the slot canyons near Page, Arizona and then over to Canyon de Chelly. If you are into things like National Parks and National Monuments go spend a month in Page. With in easy driving distance is the North Rim of the Grand Canyon, Zion National Park, Bryce National Park, Vermillion Cliffs National Monument, Paria Canyon (the Wave), Horseshoe Bend, Escalante National Monument, a bunch of slot canyons and a few other things I am probably forgetting.