Jul. 16 at 2:17 AM
$SPY $QQQ $TSLA $NVDA $AAPL
Whether you’re bullish or bearish, I think we can all agree that market behavior has changed significantly since May 26.
If you trade Nasdaq or S&P futures, you’ve felt it. If not, you’ve probably noticed the repeated 1%+ intraday swings. Nearly two months of range-bound price action combined with violent moves is, in my view, consistent with high-volume distribution—a pattern that preceded the major declines of 2000, 2008, 2020, and 2022.
I can’t predict the timing, but both the technical and fundamental evidence suggest that risk is rising.
If you’re approaching retirement and have substantial assets in a 401(k), consider reviewing your risk exposure. My preference is raising cash or, at a minimum, hedging a long portfolio.
By the time everyone sees the risk, it’s usually too late.
GL
