Are We Seeing Sector Rotation Or Is Market Correction In Store?

We continue to hold a cautiously bullish view of the markets but we must admit it is becoming slightly uncomfortable. Several areas of leadership over the last several months are showing signs of weakening and the Russell 2000 continues to struggle in its efforts to make new highs. While we are not ready to pile into short positions, we have some on the radar and if we feel they are good opportunities we will take a position. Until then, we will honor stops on existing long positions, follow the methodology and wait till the markets show they have the strength to make new highs before adding to many more longs to our portfolio.



Charts TC2000

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