Exhaustion Watch

Our BUYING POWER2 (SELLING POWER2 on our INSTITUTIONAL MUST HAVE PORTFOLIO) Exhaustion Indicator sports values higher then at the beginning of the Crisis and as high as the level that gave us the last 1yr MONSTERRALLY...

...the same can be observed for our INSTITUTIONAL TECH PORTFOLIO...

Some of the leading ETF's are confirming the above.

Conclusion:

It will take a herculean task to let the Market continue to levitate at these price levels without any kind of meaningful correction.

This Indicator set is a crude timing tool with respect to a concrete day but we should expect a limited upside at a minumum for the foreseeable future.