Part B - Continuation and technical analysis:
Note an important and interesting data point: According to a MarketWatch report, stock sales by insiders in the US are at a peak.
Let's move on to the technical analysis: The leading indices are stretched and trading at all-time highs again, with the S&P 500 index closing at an all-time high on 8/11 for the eighth consecutive day – an unusual sight indicating market euphoria.
Both the S&P 500 and Nasdaq indices were halted at the top of an ascending channel that has lasted for a year and are currently testing the levels where they were halted – if they are halted again, a bearish "double top" pattern will form.
In the last six months, the S&P 500 index consistently touched the 100-day moving average around the 18th-20th of each month.
It appears the index has stretched significantly far from the average, and as a result, a market correction could occur.
In summary: We are in a sensitive and tense period in the markets. It is important to place stop-losses, pay attention to proper risk management, and act wisely.
The above does not constitute any recommendation or advice – it is personal opinion only. Anyone using this information does so at their own discretion and responsibility.