Market Volatility and Index Participation

Mark Minervini discusses the misleading nature of market indexes and their heavy reliance on a few dominant stocks. He emphasizes the importance of looking beyond the indexes and focusing on individual stocks and their participation in the market. He points out that currently, participation in the market is not very broad, with only a small percentage of stocks trading above their 200-day moving average. While the indexes may be moving higher, the lack of broad participation suggests that investors may not see the same level of profitability. Mark recommends careful analysis of individual stocks and their setups, rather than relying solely on index movements.