The ‘ice is cracking’ on the bull market, one stock-market analyst warns MarketWatch 1/30/2021
THE TELL
U.S. stocks have been hanging around record highs recently amid broader participation by individual investors, but now cracks are starting to form in the foundation of the bull market, according to technical analysts at SentimenTrader.
The biggest breakdowns in the positive trend for markets tend to come when fewer stocks are helping to drag benchmarks toward fresh records, the analysts say
“The biggest issues have come when underlying momentum wanes and we see cracks under the surface,” wrote Jason Goepfert, head of SentimentTrader and founder of independent investment research firm Sundial Capital Research, in a research note published Tuesday.