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 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.
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