Market Leadership Is Starting to Weaken

Strong markets are usually backed by strong leadership.

When several leading stocks begin breaking important technical support, struggle to maintain momentum, or fall below their longer-term trends at the same time, it can be an early sign that market conditions are changing.

That doesn’t necessarily mean a bigger pullback is coming, but it does suggest being more selective and patient with new positions.

I’m not saying the market is in trouble…

I’m simply noticing that many of the stocks that have been leading the rally are beginning to lose strength.

I’d rather wait for them to prove the trend is still intact than take unnecessary risk.

This is just my personal opinion, not financial advice.

@Tiger_comments @TigerStars @Tiger_Newspress @TigerCommunity @TigerWire @Daily_Discussion @TigerEvents