• 737 days Will The ECB Continue To Hike Rates?
  • 737 days Forbes: Aramco Remains Largest Company In The Middle East
  • 739 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,139 days Could Crypto Overtake Traditional Investment?
  • 1,144 days Americans Still Quitting Jobs At Record Pace
  • 1,146 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,149 days Is The Dollar Too Strong?
  • 1,149 days Big Tech Disappoints Investors on Earnings Calls
  • 1,150 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,151 days China Is Quietly Trying To Distance Itself From Russia
  • 1,152 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,156 days Crypto Investors Won Big In 2021
  • 1,156 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,157 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,159 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,160 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,163 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,164 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,164 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,166 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Waiting For Confirmation After Last Week's Sell Signal

We got a sell signal (from our Summation 21 index) on the SP500 last Thursday. This signal remains valid after Friday's close (blue line remains below the red one).

Summation 21

This signal was confirmed on Friday by our turnover index giving us a fresh sell signal on the close.

Turnover Convergence Divergence

Nevertheless, our SigmaTrading Market breath indicator remains above "0"(red line), telling us the medium term trend remains to the upside: we need 2 consecutivecloses below zero in order to validate a trend reversal.

Market Breadth

Have a nice day,

 

Back to homepage

Leave a comment

Leave a comment