Yeah if you guys want some of "those" deeply negative NL stocks despite the strong market, I have TONS! Shit man, I have stocks that haven't found an uptick in 6 months and they are not energy names. LOL. There really is a lot of divergence out there.
Hi Guys, Shan posted this video with Charlie Di Francesca sometime back but the audio was quite poor. Somebody has now uploaded the whole video with remastered sound. Even though its old it still quite interesting and he also talks spreads during the first half hour. Here it is for those of you who are interested. Enjoy.
Mav what do you make of the strength in the SPY NL but non confirmation of QQQ is this something to worry about?
I think it's all part of the divergences I see everywhere. When you say worry, what exactly do you mean? I'm just asking from a perspective of relatively market neutral trader. Worry as in am I worried that the market will selloff?
Sell off or just stall out. I ask because I have it in my head most bull markets are led by tech/ high beta names and were not seeing that here.
Well, I think is only the case in the early stages. Late stages you see the more mature leadership lead higher with a narrower and narrower group leading you higher.