Our Canary (in the coal mine) Index, which represents the most speculative stocks in the market, appears to be leading the charge to new lows. With the Canary Index down almost -80% from its peak and threatening to break technical support, any further losses would likely confirm that our Gorilla Index and the broader market are also headed for new bear market lows. So, buckle up and watch this important tool closely, as Santa might not be visiting Wall Street this year…
Eli Petropoulos, CFA – Sr. Market Analyst
