Stocks are at record highs, but here's one red flag to watch - StockCharts' Keller

seekingalpha06-14

U.S. large-cap equities logged fresh record highs on Thursday, with the S&P 500 (SP500)(SPY)(VOO) pushing its YTD gain just shy of 14%, but one technical indicator is flashing a warning to the market,...

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StockCharts' Keller\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-14 06:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4116003-stocks-are-at-record-highs-but-heres-one-red-flag-to-watch-stockcharts-keller><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. large-cap equities logged fresh record highs on Thursday, with the S&P 500 (SP500)(SPY)(VOO) pushing its YTD gain just shy of 14%, but one technical indicator is flashing a warning to the market,...</p>\n\n<a href=\"https://seekingalpha.com/news/4116003-stocks-are-at-record-highs-but-heres-one-red-flag-to-watch-stockcharts-keller\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B1BXHZ80.USD","symbol_name":"Legg Mason ClearBridge - US Appreciation A Acc USD","start_time":0,"source_url":"https://seekingalpha.com/news/4116003-stocks-are-at-record-highs-but-heres-one-red-flag-to-watch-stockcharts-keller","article_id":"2443652086","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443652086","pubTimestamp":1718316001,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"U.S. large-cap equities logged fresh record highs on Thursday, with the S&P 500 (SP500)(SPY)(VOO) pushing its YTD gain just shy of 14%, but one technical indicator is flashing a warning to the market,","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B1BXHZ80.USD":"Legg Mason ClearBridge - 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The Nasdaq Composite (COMP:IND)(QQQ) finished Thursday with its fourth straight record-closing high, as did the S&P 500 (SP500)(IVV). Gains in 2024 have come largely from mega-cap tech stocks (XLK) including Amazon (AMZN). The company’s strong Q1 earnings as it sits among AI robotics plays have helped its shares spring up 21%.  “When prices are making higher highs, but momentum indicators like the [Relative Strength Index] are making lower highs, that's a red flag,” David Keller, chief market strategist at StockCharts, said in a Thursday afternoon message on X (formerly Twitter). \"We've seen the $SPX making new highs, but momentum isn't as strong as it used to be. $AMZN and other companies have already shown these signs,\" he said.  Keller posted an Amazon (AMZN) stock chart running back to June 2023 to illustrate his point. Here’s the chart:   While the S&P 500 (SP500) snagged a new peak on Thursday, Wall Street’s momentum rally showed some fatigue. The benchmark seesawed during the session before edging out its 0.23% win at 5,433.74. The Nasdaq (COMP:IND) closed at 17,667.56. The index has gained +17% so far this year. Here are a few more large-cap ETFs: (VTI), (IWF), (SCHD) and (SPLG).  More on the markets and the economy","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443652086"}