US Stock Market Leadership Chain Intact

As per the 3rd item in this excerpt of NFTRH 581’s Market Internals segment…

…the SOX>NDX>SPX leadership chain is and has been intact as the move in Semiconductors led the bull festivities in 2019.

While I am not a carefree momentum player (very far from it) it is indicators like this that have kept us on the right side. But it’s not taken in a vacuum. There is a sum of indicators that needs to be considered at all times.

sox ndx spx

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