New Week Outlook (2/22/2021)

The stock market continues to show strength, but at times, this could be a false sense of security. From experience, professional traders tend to notice subtle changes in the stock market's activities.

A lot of leading stocks in our watchlists seem to be in or entering stage three, indicating that the market might soon go into correction. Furthermore, the QQQ(-0.44%) has had distribution days for the past 4 days in a row.

So, contrary to the 5/5 rating of the current market as of 2/19/2020, it is extremely important to be cautious and vigilant at this stage of the game. The evidence is coming together for a stage 4 downtrend, so perhaps it is time to pay closer attention to your stop-loss orders and secure some profits?

Only time will tell how the market acts.

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