[Market Outlook] Market Breadth: Not All Bad News

[Company Logo] Market Breadth: Not All Bad News Hi Trader, Last week’s news was filled with stories about how the FANG stocks and particularly APPL were the main driving forces behind the new highs in the indexes and their ETFs (i.e. SPY and QQQ). The tone of this type of news is generally negative and dismissive toward the validity of the bull market. [image]( The same attitude is prevalent concerning the mega-cap tech names being the only reason the market is up. The argument then follows that there aren’t any other bullish areas of the market, and therefore we should expect a top. [Click here to see why this is the wrong way to look at the market]( I understand the frustration of a few stocks having extraordinary influence in the market indexes value. I felt this disappointment on Friday when I excitedly discovered an Industrial Index that closed over its Thursday high, creating a breakout of a bullish flag. This is exactly what I’m keen on finding right now, “cyclical” ideas that could be a source of new trend continuation trades when the mega-cap tech names need a rest. Unfortunately, the Industrial index I was excited about was the Dow, which has, as one of its components, APPL. According to Barron’s, The Trader column, AAPL’s 8.2% move this week was responsible for adding 260 points to the Dow and was responsible for 60% of the S&P 500’s rise of 0.7%. As a result, the Dow isn’t the industrial exposure I’m looking for. The strength in the mega-cap tech stocks is a reason for the magnitude of the market’s rally. As you’ll see below, this influence has become even more glaring since July. As a result, when your trading the DIA, SPY, QQQ, and certain other ETFs, it’s important to understand the game you’re playing, but they have not been the only game in town. In this week’s Market Outlook, I’m going to look at the bright side of the market’s breadth, and what to look for if the mega-cap tech rally stalls. [Click here to read the rest to this week’s Market Outlook]( Best wishes for your trading, Geoff Bysshe President MarketGauge.com (Geoff is filling for Keith until August 31st) Get more - follow us here... Twitter [@marketgauge]( and [@marketminute]( and [Facebook]( To stop receiving this go [here.]( Got Questions?Office hours 9-5 ET (New York time) Email: info@marketgauge.com Live Chat: Go to bottom right corner of our [home page.]( Call: 888-241-3060 or 973-729-0485 There is substantial risk of loss associated with trading any securities including and not limited to stocks, ETFs, futures, and options. Only risk capital should be used to trade. Trading securities is not suitable for everyone. No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. "Market Intelligence at a Glance + Tools For Serious Traders" [Unsubscribe]( MarketGauge.com 70 Sparta Ave, Suite 203 Sparta, New Jersey 07871 United States (888) 241-3060