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Tom DeMark: "Sell The World" And Soon, The US

Tyler Durden's picture




 

Because there are still some traders who adhere to such old normal traditions as charting and technical analysis (because apparently the FOMC committee sits down each month and observes Ichimoku clouds, RSI indicators and Bollinger bands), it is probably notable that one of the most respected chartists, Steve Cohen's favorite technician Tom DeMark, is now uniformly bearish on virtually all markets around the world which have triggered a sell signal in his studies, and is about to drop the axe on the US as well where a "Daily 13" signal is imminent. The caveat, of course, is that in a world in which fundamentals haven't mattered in years, why should technicals?

 

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Fri, 01/11/2013 - 13:35 | 3144640 geewhiz190
geewhiz190's picture

weak USD, weak gold-means what?  Hugh Hendry COVERS HIS JAPAN SHORTS, LOSSES ABOUT 30%

Fri, 01/11/2013 - 13:50 | 3144703 MrPoopypants
MrPoopypants's picture

>> in a world in which fundamentals haven't mattered in years, why should technicals?

Technical trading still works.  Why "should" it work?  As in, what are the root causes that allow technical trading to be profitable?  No one has ever really known that, even in the "old normal" days.

By the way, fundamental trading works too - it's just that fundamentals are based on central bank decisions much more than they used to be.

Fri, 01/11/2013 - 14:07 | 3144793 cognus
cognus's picture

CNBC says not to worry:

"Even more striking was the amount of money going into equity mutual funds, the purview of the less-active, more traditional retail investors. Of that $22 billion inflow, $8.9 billion was into these funds, the biggest weekly influx in 12 years."

So there you have it. case closed.  http://finance.yahoo.com/news/money-pours-stocks-bullish-162334051.html

Sat, 01/12/2013 - 00:35 | 3146504 waknup..wtfhapnd
waknup..wtfhapnd's picture

Now this is a petition that would be worth its weight in gold...umm...or not...in that it's found out the gold isn't there. Well then, no worries...we'd know the Truth....and that is worth its weight in gold!!

Sat, 01/12/2013 - 02:24 | 3146649 ejhickey
ejhickey's picture

a lot of the talking heads are sounding more hollow than usual especially the folks at CNBC.  it's painful to listen to Kudlow because he sounds like he is just going thru the motions

Sat, 01/12/2013 - 03:22 | 3146686 polo007
polo007's picture

http://www.bloomberg.com/news/2013-01-04/narula-s-no-1-hedge-fund-gains-38-betting-on-mortgages.html

The Feds Mission Is to Drive Down the 30 Year Mortgage Rate - Bloomberg Markets Magazine

“To revive the housing market, the Fed has thrown a lot of firepower at agency mortgage-backed securities,” Narula says. “Policy makers have worked hard to let homeowners refinance. They’ve been clear that that’s their mission -- and you want to be careful going against that mission.”

In addition to his intuition on Washington policy moves, Narula uses mathematical models to calculate how long homeowners will make payments at their current interest rates before either refinancing or defaulting. The models predict behavior based on a homeowner’s credit score, address, loan size, loan age and other factors. The algorithms also allow sophisticated investors to hedge against wrong-way bets.

“You want to come up with wagers where if you’re right, you’ll do really well and if you are wrong, you don’t get hurt too badly,” Narula says.

Sat, 01/12/2013 - 09:36 | 3146844 Tom Green Swedish
Tom Green Swedish's picture

Ok, when companies start paying higher dividends I'm back in.  Enough with the hiding the money overseas.  Microsoft has 60 billion dollars their stock goes nowhere they make crappy stuff and only pay a 3.5 percent dividend. Ok so it went up 15 percent each year since 2008 big deal when it was at 1.3 percent, the stock went nowhere.  Dividends will be the only thing that might save the market.

 

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