Interesting comment.
Big market correction about to occur
- Thread starter michaelscott
- Start date
Interesting comment.
All my indicators say the Naz is doing it again, like a wild teenager, throughing all caution to the wind. If you have been around more than a day or two, you should know how this will end.
http://www.bloomberg.com/apps/news?pid=20601009&sid=aYhFVomj5jcg&refer=bond
trade well
http://www.bloomberg.com/apps/news?pid=20601009&sid=aYhFVomj5jcg&refer=bond
trade well
"Big market correction about to occur"
Come on.....lets be a little more clear on that "Big" word.
How far down do we go and by what date?
Once again, will you be putting the $ where your mouth is at?
Come on.....lets be a little more clear on that "Big" word.
How far down do we go and by what date?
Once again, will you be putting the $ where your mouth is at?
I think you could sensibly give "massive consumer credit crunch" as an answer.
The rate of job growth and payroll rise can't compete with the quickness that credit lending has in the past. You tighten credit to the consumer and the economy will suffer.
liquidity crunch globally... as risk aversion swings back into vogue. Should lead to asset deflation on a global basis.
The analysis is simple.
- The SPX comprises about 75% of the "total market".
- An upwardly trending TNX is never a positive for the SPX.
- An upwardly trending WTIC is never a positive for the SPX except for the oil-related type companies on the index.
- Breadth is narrow and only a few choice stocks seem to be strong. If anything happens to those few stocks, then the index will become much much weaker.
- The chart is setting itself up for a breakdown. The NDX and COMPQ are the only charts that appear bullish while the rest appear to be making lower highs and lower lows.
- The TNX from a technical standpoint appears that it will go over 6% in the future with the short term target being 5.25.
- There is a possibility of a rate hike, while there is no chance for a rate cut.
- Countries around the world are hiking interest rates.
- The $XBD has always been an early warning signal to the "total market". When the $XBD has weakened, then the "total market" has followed.
- The "top"does not need to be called, the correction began in early June when the Wilshire 5000 hit 15548. Since then, the market has been making lower highs and lower lows. The only stocks strengthening the market appears to be growth type stocks while the other stocks appear to be breaking down.
- All of the sector charts appear to be in a breakdown.
- The only index and composite charts I can see that appear to be the slightest bullish are growth stocks and Nasdaq-100 stocks. Therefore, if your looking for a long, then it can be found on the N-100.
- The SPX comprises about 75% of the "total market".
- An upwardly trending TNX is never a positive for the SPX.
- An upwardly trending WTIC is never a positive for the SPX except for the oil-related type companies on the index.
- Breadth is narrow and only a few choice stocks seem to be strong. If anything happens to those few stocks, then the index will become much much weaker.
- The chart is setting itself up for a breakdown. The NDX and COMPQ are the only charts that appear bullish while the rest appear to be making lower highs and lower lows.
- The TNX from a technical standpoint appears that it will go over 6% in the future with the short term target being 5.25.
- There is a possibility of a rate hike, while there is no chance for a rate cut.
- Countries around the world are hiking interest rates.
- The $XBD has always been an early warning signal to the "total market". When the $XBD has weakened, then the "total market" has followed.
- The "top"does not need to be called, the correction began in early June when the Wilshire 5000 hit 15548. Since then, the market has been making lower highs and lower lows. The only stocks strengthening the market appears to be growth type stocks while the other stocks appear to be breaking down.
- All of the sector charts appear to be in a breakdown.
- The only index and composite charts I can see that appear to be the slightest bullish are growth stocks and Nasdaq-100 stocks. Therefore, if your looking for a long, then it can be found on the N-100.