Which Index Had No Down Days For The Past Two Days?

By: Marty Chenard | Fri, Feb 22, 2013
Print Email

For at least a week, we have been telling our paid subscribers to be very careful. We commented that risk levels were getting very concerning (as seen by the posted charts in the Standard site's Special Chart section).

We continued ... Conditions are now likely to be more erratic and volatile. This is a good time for you to ask yourself: "Is the upside potential worth the downside risk?" The possibility is increasing for two downside days to erase two weeks of upside movement. That is action that is too fast for many, so choose your battles carefully.

So, what happened in the past two days?

The chart below show's how many days of each index were erased by the past two days of downside movement:

 

Index Number of Days of up movement erased:
NASDAQ 100 34 days
NYA Index 21 days
S&P 500 11 days
S&P 100 11 days
Russell 2000 (IWM) 11 days

 

At the same time there was one S&P Sector that experienced NO down days at all.

What was it?

It was the Consumer Staples Sector (XLP ETF). (FYI ... subscribers can log on to see what the 10 top stocks in this sector were.)

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2014 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/