The market is climbing to new highs. At the same time, some warning signs are showing up in the S&P 500, the technology ETF XLK, and the chip ETF SOXX.
Tom notices these signs, but they aren’t strong enough to make him think the market will fall. He points out that growth stocks are beating value stocks, risk‑on signals are getting stronger, and the most aggressive parts of the market are still leading the rally.
Because of these factors, the overall market still looks bullish.
Source: Materials provided by https://articles.stockcharts.com.Note: Content may be edited for style and length.