This is a High Caution Condition

By: Marty Chenard | Fri, Jan 9, 2015
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UPDATED: Take a careful look at today's S&P 500 chart ...

Today's updated chart shows the percentage of S&P 500 stocks with a 20 day RSI at a positive or negative level. (Remember that, on a standard RSI indicator, it is really Neutral when the RSI is at a level of 50. Above 50 would be a positive and below 50 would be a negative.)

Here is the important thing right now ... This 20 day RSI percentage is now moving up which is a short term positive, but the down trending (lower/highs and lower/lows) that has occurred since November 21st. must be broken or the market will be facing high downside risks.

About the chart: The numbers at the bottom run from 1 to 211. Each number represents one trading day, so the current tick is at day 200 and it represents the most recent trading day which was yesterday. The percentage numbers on the left hand column are the RSI readings below 50% would be a negative level and above 50% would be a positive level.

Percentage of S&P 500 Stocks



Marty Chenard

Author: Marty Chenard

Marty Chenard
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

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