Good morning, WS. Excellent commentary; thanks!
I also track the NASI. Even though it is heading down, the readings still are above the zero line, so the NASDAQ still is technically on a buy. What's more, the rate of decline is pretty modest: a few points here, a few points there. I don't want to minimize this fact, but last year during this general timeframe, the NASI fell 30-50 points a day for a couple of weeks and the market got pretty ugly. So, I have to conclude that we simply are treading water right not or will see a mild pullback.
I wonder if "Sell in May and go away," will have some meaning this year. Certainly, we will know soon enough.
Have a good one!
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