When QE money matters more than corporate earnings, conditions are out of
balance.
As you well know, not all the indexes have made new highs.
Take the NASDAQ Composite Index for instance. If you look at the monthly chart
(see below), you will see that it had made a high peak level of 5132.52 in
March 2000.
In 2007 (before the severe market drop), it had only made a partial retracement.
I bring up this chart, because last Friday the NASDAQ Composite was only
0.79% away from its all time high. Obviously, the big factor in the recent
rise has been a lot of QE money coming in and that plus could turn out to be
a minus in the end. When QE money matters more than corporate earnings, conditions
are out of balance.
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.
StockTiming.com is dedicated to
Stock Market Investors who want the best information on stock charts, stock
market trends, stock market timing and technical analysis.
Be My Guest and Take Advantage of Our Free Membership ... Get a Free
Membership to StockTiming.com ... Youll receive important daily messages before
the market opens and direct links to todays important web pages. Information
and messages that are often not posted on our website. There is no obligation
or expectation on our part ... it is just our way of proving our accuracy and
timing expertise to you. Please click here for your Free
Membership.
Circle Us