Technology Is Frothy Even With A Marijuana Sunrise | Greg Schnell | Market Buzz
The technology sector has surged to a rare level of momentum. This high level is typically associated with coming off major market bottoms. Hardly the case here. As well, the marijuana names started to pop this week. Greg looks at a few of the names starting to serve up a higher high.
A Stretched Index | Greg Schnell, CMT | Market Buzz
This week the $SPX reached a significant stretched condition on many measures. Looking over history, there are similar stretched setups like this after a year long run. Greg rolls through the history to show that the condition suggests being cautious as we go higher. Greg also walks into retail as Walmart and Costco start looking a little different.