On bad days like today…look for tells. Like, what was able to close near their highs for the day, even with a storm brewing.
Not much passed today…that can also be a tell. Webby’s Gimme Shelter @Marketsmith screen. @IBDinvestors
I tend to share loose screens… so I thought I’d switch it up…
Webby’s Tight @MarketSmith screen. @IBDinvestors
When the market is this strong & at key levels, it’s worth casting a wide net. I just made this Webby DoubleWide @MarketSmith Screen. @IBDinvestors
Feel free to build it yourself and make it a triple wide.
Following is a visual summary I created based on Mike Webster’s discussion on Investors.com IBDLive, highlighting the similarities of the 1998 Nasdaq market correction and today’s market.
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