The Market has lost its FANG

As the indices rally to (near) new highs, breadth has been terrible, with just a few Mega stocks disguising what has been a very dead market. The IWM ( iShares Russell 2000 Index) has been anemic all year and doesn’t appear to have any reason to rally now. We have hit a shot term top and I am suggesting you hedge right here through year end to protect your investment accounts. FB, AMZN, NFLX and GOOG charts all look ominous right now and former biotech stars are just beartraps now. Buy January PUTS on the S&P (yep did a 180 here), enjoy the holidays and come back next year. I see nothing out there that makes me want to buy anything.