It has been quite a while since I wrote anything other than my usual MAP VIEW commentary, “institutional buying continues to outstrip selling…” talking points. In fact, it’s been practically a year since any unusual selling has occurred.
Big Money Insights Weekly
Our MAP ratio for the U.S. market triggered an overbought signal. Looking back at history, these signals have preceded large drops in the market. Basically, institutional buying is too high and unsustainable. We expect the market could be primed for a pullback, or the velocity of the recent rally could slow. We are long-term bullish …
Our MAP ratio for the Energy sector triggered an overbought signal. Looking back at history, these signals have been powerful predictors of pullbacks.