Bottom line
- A positive environment favors becoming aggressive on signs of excessive pessimism, of which there are few yet.
Market environment (More info) Positives Negatives 1. Price pattern (barely) 1. % of Stocks in Correction 2. Moving averages 3. McClellan Summation (barely) 4. % Stocks > 200-Day 5. Net New Highs / Lows Sentiment / Breadth / Other Positives Negatives 1. Big up volume (and again) 1. Confidence high 2. Surging small-caps 2. Too much options speculation 3. Surging tech stocks 3. Equities high vs GDP, Assets 4. Mar-May thrusts, recoveries 4. IPO market too hot 5. Excess liquidity is high Other Sectors and Assets Positives Negatives 1. Energy (here, here, and here) 1. Skewed tech (here and here) 2. Dollar test