• The “internals” for the stock market’s advance this week are not anywhere near as good as they were last week, so the rally is getting tired.  This does not mean it cannot continue, but it should be due for a pullback/breather at some point very soon.
  • Crude oil has broken well below its key support level, but the energy stocks have not fallen as much.  If WTI crude stays below $80, those energy stocks are going to become more vulnerable over the near-term.
You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Before the Open and All-Access tiers only

Try 14 Days Free