The price uptrend is very anemic. Mid-Cap and Small-Cap
category of stocks have broken their price uptrend. This is shown by the price
charts of ETFs MDY and IWM. In both cases the prices cut its prior low.
The ETF for S&P500 whose ticker symbol is SPY is showing
a price uptrend but the uptrend is very anemic.
There is a high probability that prices will go up in
the next few days. The reason for this is explained in the chart below. This up
movement in price should be taken as an opportunity to sell “Growth Stocks” in
your portfolio, if you haven’t done so already.
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