Yellow Flag Is Up Cautioning MOMO Traders - Dow Divergence In Momentum Cause For Defensive Posture
April 05, 2019 at 16:30 PM EDT
Deteriorating market internals are a clear warning of slowing momentum, suggesting caution would be prudent. Cheap OTM puts and maybe take a little off the table perhaps? Here are some charts of the Dow Industrias, Russell 2000 and Net New Highs.
