How Many Stock Market Top Boxes Have Been Checked? [SPDR S&P 500 ETF Trust] - Seeking Alpha
Chris Ciovacco has written another excellent article analyzing whether or not we are at a stock market top. A checklist table was included to illustrate what to expect when the market is about to roll over. One point was weakening earnings. Another point was an increase in people holding defensive stocks. We are not yet at the top according to the author's checklist.
Another argument Chris used is a chart of the S&P 500. The trend lines still point upward for a continuing bull market. Currently, you can still make more money in stocks versus bonds. When the trend lines start to flatten out, though, it may be time to become defensive.
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