• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Saturday Charts-Check

By Kurt Osterberg · On April 21, 2018

Last week started strong with new highs outnumbering new lows by good margins. Those numbers deteriorated through the week ending with new lows outnumbering new highs by significant margins. – From Mike Burk’s weekly blog

I don’t like stocks at the moment, and the two charts below show the major reason why. Volume is with the sellers, the index is having a lot of trouble holding above the 50-day average and the triple top neckline looks vulnerable.

This market needs leadership from the semiconductors, and they don’t look happy right now. In my view, this chart is a signal to reduce equity holdings.

The 10Y yield is making new 52-week highs which is working against stocks.

Now we watch to see if the 30Y yield breaks out too, and we also watch to see how stocks react.

The chart pattern for junk bonds is also looking iffy. The stock market performs its best when junk bonds trend higher.

The ECRI Index keeps ticking lower although it is well above the range where growth is too weak to sustain stock prices. The uptrend for Small Caps still looks decent, but the M2 rate-of-change continues to tick lower. In general, this chart continues to suggest a weak and spotty economy similar to what we have come to expect.

Outlook Summary:

The mood swing away from stocks was inevitable after such a terrific run higher for stocks starting with the 2016 election.

I don’t think the bull market is over yet, but it is getting old and we have been very fortunate over the last ten years. Time to start appreciating what we have, and protecting it as best we can.
 

The long-term outlook is increasingly cautious. Reduce overall exposure to stocks on rallies.
The medium-term trend is down.
The short-term trend is down as of Apr-20 

The medium-term trend for bonds is down as of Apr-19. The 10Y yield is back above its 50-day.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.