Will do.

FKA Mag 7 stocks got too top-heavy & will ultimately collapse under their own weight: They dragged the market up on their way up despite poor internals & they will drag it back down with them when they fall, whether breadth is positive or negative…simple mathematics ($SPX & $NDX are cap-weighted indices).

Too early to say this is anything more than just a few day outlier with big tech dragging the market down with decent internals or the start of a new, much larger downtrend but I’ve shared some pretty decent evidence that it could prove to be the latter recently, including a very low risk/high-potential short on the markets when those bearish engulfing sticks were put in last week.

Yesterday Nasdaq down 183 points…yet advancers led decliners 2462-1733
today Nasdaq down 183 points…yet advancers lead decliners 2198-1613
Yesterday S&P down about 1/2%….yet NYSE advancers led decliners 2130-658
today S&P down about 1/3%…yet NYSE advancers lead decliners 1847-868 as of 11am
DOW was also down 330 points yesterday.

More stocks advancing than declining, and the market is going down. Just the opposite of the market over the past year and a half when decliners led advancers and a handful of stocks propelled the market higher.