This is not an analysis on my side, but Gregg Schnell posted some of his findings on StockCharts.com
In the last week we have seen many large US stocks missing their estimates. This does not feel good technically or fundamentally.
Stocks can still go higher, but we would like to see earnings validating prices. Yet, all these weakness seem to invalidate them.
Be vigilant. Those that keep saying nothing cheap to buy you may get your chance soon. As usual, market can stay irrational for longer than expected.
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