Trend Following Stock Market Leaders

An interesting observation…one by one many of the stock leaders are failing. One after the next I am seeing exit signals from Mellanox $MLNX, Apple $AAPL to Google $goog.

As IBD has stated when the Generals start falling the soldiers start falling. Putting all of this into context I am becoming more skeptical of the continuation of this rally. The cover on Barrons which called for new Stock Highs is a Bearish sign as well as divergences in the indexes as well as many shares.

This is my own opinion…however facts are facts.

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