Stocks saw some follow through selling this week… but the price action still has the S&P 500 (INDEXSP:.INX) just 1.3 percent off its all-time highs.
The market clearly is overbought here but it has been for some time. And bears have paid the price.
That said, market breadth has been underwhelming so bears have an opportunity to take advantage of it. Â This could show up in the form of an RSI divergence if stocks hit new highs again this week. Â But until then, it is what it is.
As we head into mid-March, investors will have to remain focused. Politics is in full melt-down mode and we have a Federal Reserve meeting coming up. Just tune out the noise.
We have a great reading list this week with top flight investing research, trading ideas, and educational insights. Good luck out there – make it a great week!
MARKET INSIGHTS
Two signs stock market investors are preparing for higher rates – Faraday Research
Breadth continues to worsen – Stockbee
The Crude Breakdown could take stocks with it – Kimble Charting Solutions
Tapping Investor Behavior to Source Alpha – 361 Capital
The SEC rejects the Winklevoss Bitcoin ETF – Bloomberg
Technical Analysis on Bitcoin – All Star Charts
The key similarities and differences between 2013 and 2017 – The Fat Pitch
Short Interest Update – Hedgopia
Sky’s the Limit – The Reformed Broker
OTHER RESEARCH
Understanding the Decision Cycle – The Trading Book
A Brief History of Existential Terror – ribbonfarm
Ways to Reduce Stress – Barking Up the Wrong Tree
The 100 Websites that rule the Internet – Visual Capitalist
Things I Wished I Knew When I Started Trading – New Trader U
Check back for more great research here on See It Market throughout the week. Thanks for reading!
Twitter:Â @ATMcharts
Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.
