Daily Report : A Couple of Historic Streaks Screech to a Halt; When to Take a Week Off(?); Chinese Tech Stocks Are Washed Out

The S&P 500 finally ended a couple of long streaks of positive price momentum. It suffered its first close more than 5% from its previous 52-week high, and ended 7 straight months of gains.; Finding an "edge" in the market is one thing. Figuring out how to use it to your advantage is another. In this piece, we highlight the month-by-month performance of a stock market anomaly that "hides in plain sight."; Chinese technology stocks have suffered heavy selling pressure over the summer. Breadth metrics are showing few uptrends, many new lows, and huge drawdowns. At the same time, companies like Tencent are aggressively buying back their shares.