Rally with the leveraged ETFs?
The market, and its stocks, either goes up or it goes down. It is amazing how difficult it is to recognize that simplicity.
11/8/2021 — at the close
On the 24th trading day of the rally, TQQQ and FNGU have given CCI sell signals, up nearly 40% and up nearly 50% respectively.
In addition the NYMO clicked down at a high level, a short-term market-breadth sell.
With the rally up so much from its start on the open of 10/6, I suppose the combination of those two sells — one on the stock, the other a market…