It is Monday and come rain or shine, flash crashes or rogue waves, Ivanhoff and I are back with our weekly ‘Momentum Monday show and today we are talking the FAANG Bang. I hope you enjoy (20 minutes):

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.

A couple charts I did not get to in the episode are:

As momentum continues to unwind, value names are turning up.

After hitting a 17-year high in September, ratio of Growth to Value has turned down sharply

With today’s Bitcoin plunge we are in the longest and deepest Bitcoin correction since 2013-2015

Today, the CEO confidence index hit 2018 lows. The number in itself does not mean much, but you can see the confidence peaked with the market in January.

To be honest, they should measure OUR confidence in these same CEO’s, because my confidence is also sitting at yearly lows.

Long story short…be very selective in your stock market exposure right now.