Weekly S&P500 ChartStorm - 26 May 2024
This week: technical check, expense management, sentiment snapback, margin debt expansion, ETFs, echoes of the past, crab markets, rising ownership, tech tops...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
Short-term breadth is weak, and bearish divergence.
Margin debt is on the rise again (along with sentiment).
More companies are talking about expense management.
Tech stock valuations making new 23-year highs (expensive).
The count of 401(k) millionaires just m…
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