A few signals of a stock market top are flashing, according to longtime trader Stan Weinstein. In his weekly Global Trend Alert report for hedge funds, Weinstein noted he's seen several that stocks may have reached their peak and may be in trouble. "The market gives us 'hints' as it's making a top," he wrote. One of those hints is the "deceptive new high" the S & P 500 reached in late October. The benchmark index hit an intraday top of 6,920.34 on Oct. 29. However, Weinstein called this "one of the worst new highs that we've seen in our many years of market analysis." He pointed out that while the index hit a record, it "it occurred in conjunction with horrid Advance-Decline figures." In other words, the number of declining stocks was well above those that advanced. Two other hints include
The market is giving 'hints' that it's topping, use 'extreme caution,' says Global Trend Alert
CNBC Investing11/24
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