Tuesday, February 2, 2016

HAS THE MARKET BOTTOMED?.....A FEW CHARTS MAKE IT CLEAR

HAS THE MARKET BOTTOMED?.....A FEW CHARTS MAKE IT CLEAR

High Yield bonds have lead stocks to the upside. They are now leading to the downside, and the High Yield bond market indicates we have further to fall.

 

If this is not compelling enough consider that the microcap index, the Russell 2000, which leads the S&P 500 indicates stocks have a LONG ways to fall.


Finally, consider that the S&P 500 has broken its bull market trendline going back to 2009 AND cut through critical support (green line) on a monthly basis.



 


 


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