High Fliers Nose Dive: What Does It Signal?

Jeff has two ways he gauges the market. With the SPX and NAZ down for much of May, many of the high flyers managed to on.

Many of those untouchables who had been exhibiting superior relative strength throughout much of May caved in on Monday.

In this video, Jeff Cooper take a look at 10 marquee names including SHOP, MDB, and TWLO.

Does their setback signal short term capitulation, or does it signal downside acceleration, albeit after a short term snapback?