TG Watkins, Director of Stocks at Simpler Trading and Editor of The Profit Pilot website joins me to discuss the action in the US markets combined with the continued very weak breadth. TG shares a chart below that goes back 50 years showing the S&P balanced with breadth (the lower charts shows the top 5 stocks as a % of the S&P 500 market cap).
The most important question is if money will rotate and create a more broad based move higher. This also ties into comments on if this is defensive or growth market.
Click here to visit TG’s website – Profit Pilot.
