You may or may not know this, but I have a very cool Cumulative Strength Index (CSI) scan. I use it as a barometer for the overall market and to gauge the S&P 500, the Nasdaq 100, and the top 10 sectors.
Over the past two to three trading days, something really crazy has happened…
Usually you’d see companies like Apple and PayPal leading the pack, but these three consumer discretionary stocks have wiggled their way to the top.
In today’s update, I thought I’d team up with trading expert Adam Sarhan to discuss what’s happening here and what we can expect moving forward.
P.S. As you may already know, many “Robinhood traders” have been flooding the markets…
But what you probably don’t know is that they’ve overwhelmed Wall Street.
You see, the advantage is no longer in their hands… it’s in ours!