Techs continue to shine; New Lithium ETF—LIT; Investors Inteligence Poll

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There were 598 new highs in my universe of 4,000 stocks on Wednesday, the most since last April. The latest Investor’s Intelligence poll shows that only 47.2% of advisers bullish. This poll is a contrarian indicator and market tops tend to occur when 55% or more of advisers are bullish. There is a new ETF that enables one to buy stocks related to lithium, as in lithium batteries used in electric cars.   Check out this daily chart of LIT. It has been surging ahead.

1 thought on “Techs continue to shine; New Lithium ETF—LIT; Investors Inteligence Poll”

  1. I have a web site where research penny stocks. I have many years of experience with these type of stocks. I would like to comment about exchange traded funds that specialize in narrow sectors like the lithium. I think this is a great way to go when investing in narrow sectors this way you don’t have to concentrate all your money in one or two stocks you get a whole group of stocks and lots of diveriscation.

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