| Note that out of an index of 500 companies, these 10 alone account for nearly 30% of the market’s weight. So, in order for the market to crash, we need to see them breakdown badly. So, let’s take a look at the top five today (September 2021). Apple (AAPL): this stock is clearly in an uptrend. Microsoft (MSFT): STRONG uptrend. Amazon (AMZN): this is a weak chart. AMZN has been chopping back and forth for a year now. It’s not as bad as if the company had entered a definite downtrend, but it’s still pretty bad. Facebook (FB): strong uptrend. Alphabet (GOOGL): incredible uptrend. Put simply, out of the top FIVE companies in the S&P 500, which account for nearly a quarter of the market’s weight (22.8% to be exact), FOUR of them are in strong uptrends. While the market is definitely in a bubble, until these companies break down, the odds of a crash remain small. So, for now, it’s best to let this bubble run. Just keep an eye on these companies. Once they start to break down, you’ll know it’s time to start getting defensive. Best Regards,  Graham Summers Editor, Money & Crisis |
Tidak ada komentar:
Posting Komentar