Momentum Players

Remain in Charge!

DYI:  Valuations is a weighing tool it is not a timing tool.  Obviously today valuations are at insane levels however until this is recognized by enough players stocks will continue their advance.  That advance is now only being powered higher, predominantly by the top 7 stocks called the magnificent 7!

Apple

Microsoft

Amazon

Alphabet (Google)

Meta Platforms (Facebook)

Nvidia

Tesla

The advancing stocks compared to declining stocks listed on the NYSE remains advancing albeit a far lessor pace.  This is doing so by the outsized gains of the Mag 7!

The chart below is a timing tool for the S&P 500 clearly showing  that the momentum players remain in charge, however when the tide turns and momentum moves south valuations will be in charge causing a large percentage drop before the value (valuations) players start moving in pick off the bargains!