While we normally see markets face pressure around this time of the year, it appears we may have dodged a bullet. This time on Financial Sense, we spoke with technical analyst Louise Yamada of LY Advisors about her take on equities, the tech sector, and what she looks for to determine market direction.
From the long-term perspective, markets appear to be healthy, Yamada stated. The advance-decline lines are confirming the new highs, she noted.
Some indicators have been showing negative divergence over the year, such as new highs versus new lows. While these have come back into positive territory recently, they haven’t exceeded the readings of the past year, leaving the negative divergences in place to possibly be overcome if things improve, Yamada noted.
This post was published at FinancialSense on 09/21/2017.