With markets overbought and fundamental indicators pointing to a slowdown, now could be a good time to consider protecting current positions or making a directional bet.
After a few weeks of impressive buying, risky assets are starting to weaken again.
Such formations in these leveraged stock funds could foretell a substantial market correction.
Internal deterioration suggests so.
| Tags: | etfSHSPYstocksTom Aspray |
Wednesday's rebound is not unexpected, but this likely oversold bounce should lead to a deeper correction -- and more buying opportunities.
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