Your Daily 5: March 18, 2021

Beware Of Weakening Tech

 

StockCharts.com

John Kosar discusses the current Tactical condition of the market and the 5 most important and influential charts and data series’ he is watching this week. The S&P hovering above tactical support is up first! Despite the strong March 4 rebound, the SPX is just above 3% tactical support at 3874-3855. A sustained decline below this level would signal an overdue corrective decline.

  • 0:00 Intro
  • 0:39 S&P 500
  • 2:21 “The Asbury Six” Is Positive
  • 5:18 Sector Asset Flows (Financials, Energy)
  • 7:35 Relative Performance: Tech has become a drag on the market
  • 9:55 US Interest Rates – Secular Trend Change in UST 10 Year Yields
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