public

Andrews Adams, CMT, Featured On MarketWatch With Bearish Comments

Andrew Adams, CMT, was featured in a MarketWatch article on Wednesday voicing a warning about slowing momentum in the S&P 500, as well as the resilience of a long-term trend line that dates back to 2009.

"The listless nature of U.S. equity benchmarks and a recent lower tilt for the broad-market benchmark could seriously jeopardize the decadelong rally," said reporter Mark DeCambre, paraphrasing Adams' primary concern. "Readings of momentum are already signaling a flagging pace of gains since the last time the S&P 500 threatened a decisive break below trend," he added, as illustrated by the chart above.

"I really don’t want to see an acceleration to the downside start from these levels," said Adams. 

Read the full article here: Warning signs illustrate why it’s crucial for the stock market to hit new highs soon.