"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 58 mins Is This The Death Of The iPhone X?
  • 2 hours Is London Still The Financial Capital Of The World?
  • 3 hours Is Gold Staging A Comeback?
  • 4 hours The $200 Million ‘Golden Parachute’ For Rupert Murdoch
  • 5 hours Bitcoin’s Breakout Is Not As Bullish As it Seems
  • 7 hours Farmers On Edge As Trade War Hits U.S. Grain Shipments
  • 9 hours Is Silver Poised For A Massive Break Out?
  • 1 day Meet The Hedge Fund Billionaires Club
  • 1 day The Next Housing Crisis Could Be Right Around The Corner
  • 1 day Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 1 day Africa’s Fastest Growing Economy
  • 1 day The Blockchain Boom Hits The Utilities Sector
  • 1 day Why Smart Money Is Selling Off Right Before The Bell
  • 1 day Tech Giants Rally Ahead Of Earnings Reports
  • 2 days Global Debt Hits 225% Of GDP
  • 2 days The World’s First Trillionaire Will Be A Space Miner
  • 2 days How Student Debt Could Cause The Next Real Estate Crisis
  • 2 days This $550 Billion Industry Is Betting On Bitcoin
  • 2 days One Commodity Set To Soar On Russian Sanctions
  • 2 days China’s New Car-Market Rules
Is This The Death Of The iPhone X?

Is This The Death Of The iPhone X?

Apple’s stock has slipped more…

Investors Bullish As Earnings Season Kicks Off

Investors Bullish As Earnings Season Kicks Off

The first round of earnings…

Oligarch Risk: The New Red Flag For Investors

Oligarch Risk: The New Red Flag For Investors

Investors are scrambling to diversify…

Stock Barometer

Stock Barometer

Stock Barometer is completely independent. We have never and will not ever accept compensation from any company whose stock we recommend. Our goal is to…

More Info

The End of The World as We Know It

5/8/2014 5:39:50 AM

Good morning Traders,

The divergence in the NYSE and Nasdaq continues. We are looking for a resolution. But what is the timing? Here is our cycles and basic seasonality chart for your reference:

10/20/40 Week Cycles and Seasonality Chart

Another interesting peak reading we are seeing from one of our indicators:

AAII % Neutral Chart

This 'neutral' reading is robbing from bullish and bearish readings - but at the end of the day, a reading this high is generally bearish.

Switching to oil real quick, since we are watching for a potential sell off:

US Oil Inventories versus Oil Chart

And finally, the barometer:

Daily Stock Barometer Primary System Chart

I tend to fight the obvious when it comes to technicals because if everyone can see it, what good is it. So while we may see a move towards lows at some point, I am not so sure this pattern will play out - though the potential exists. Our model is suggesting the potential exists and we will continue to position for a next larger move, which is this case should be lower.

Regards,

 

Back to homepage

Leave a comment

Leave a comment