Mega Cap Growth Confirms Bear Phase

In the first quarter, the S&P 500 and Nasdaq soared, but since mid-March, breadth conditions have shifted, signaling potential trouble for investors. Mega-cap growth stocks like AAPL and TSLA have shown weaknesses in their charts, suggesting a shift to a new bear phase.

AAPL, long seen as a market stalwart, is showing signs of vulnerability. Similarly, SMCI, MSTR, NFLX, and AMZN, despite their market dominance, exhibit chart fluctuations indicating market turbulence.

What does this mean for investors? Stay vigilant and consider risk management strategies. Long-term perspective is key; focus on fundamentals and stay informed about market dynamics. Seeking guidance and diversifying investments can help weather market volatility.

In summary, while Q1 showcased market strength, deteriorating conditions signal potential challenges ahead. By staying informed and maintaining a long-term perspective, investors can navigate through uncertainty and strive for financial success.

What Is The McClellan Oscillator? | August 2023 Update

The McClellan Oscillator is a market breadth indicator that uses advance-decline data to gauge price momentum. This classic technical analysis technique can help validate what you see on the chart of the S&P 500 or Nasdaq, and this week it generated a key bearish signal! We'll break down the construction of this technical indicator, and talk about downside potential for the SPX given this bearish reversal.