The End of The World as We Know It

By: Stock Barometer | Thu, May 8, 2014
Print Email

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,

 


 

Stock Barometer

Author: Stock Barometer

www.stockbarometer.com

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 make you money. We offer you the tools and information to do so and leave it to you, the individual investor, to apply them in the best way possible.

Important Disclosure: Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.

Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.

In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.

For a complete understanding of the risks associated with trading, see our Risk Disclosure.

Copyright © 2004-2014 Investment Research Group, Inc.
d/b/a www.Stockbarometer.com. All Rights Reserved.

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/