• 861 days Will The ECB Continue To Hike Rates?
  • 861 days Forbes: Aramco Remains Largest Company In The Middle East
  • 863 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,262 days Could Crypto Overtake Traditional Investment?
  • 1,267 days Americans Still Quitting Jobs At Record Pace
  • 1,269 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,272 days Is The Dollar Too Strong?
  • 1,272 days Big Tech Disappoints Investors on Earnings Calls
  • 1,273 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,275 days China Is Quietly Trying To Distance Itself From Russia
  • 1,275 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,279 days Crypto Investors Won Big In 2021
  • 1,279 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,280 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,283 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,283 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,286 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,287 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,287 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,289 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Buyer Exhaustion Approaching

Stretched like a rubber band

No matter what the human activity is, humans tie of it, and will seek a break before resuming. Traders are getting tired of buying, resulting in a stretched market that will attract selling.

Sure, selling can be soaked up with time (sideways) or of course it can be punished with time and price (down swing).

The Morgan Stanley Cyclical Index is one to watch, it is made up of industrial, consumer discretionary and materials type stocks (with only 1 bank). It is a index with a large factor of truth for the trend watchers. The chart below shows Gann boxes of 400 points each, and at the moment we are approaching the end of the 3rd box that should attract profit taking (no one is saying crash, as no one can).

Stay frosty, better prices for buyers are coming.

Morgan Stanley Cyclical Index Chart
Larger Image

Investing Quote...

"Keep the number of stocks you own to a controllable number. It is hard to herd cats, and it is hard to track many securities. Take your losses quickly and do not brood about them. Try to learn from them but mistakes are as inevitable as death." ~ Jesse Livermore

"If past history was all there was to the game, the richest people would be librarians." ~ Warren Buffett

 

Back to homepage

Leave a comment

Leave a comment