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This Is What A Total Breakdown In Market Internals Looks Like
Below-the-surface breakdowns strengthen BCA Research's conviction that investors should stay defensive. Technically, the S&P 500 looks weak. Breadth has thinned considerably this year. Less than 50% of S&P 500 industry groups are trading above their 40-week moving average and/or have a positive 52-week rate of change.
This is what a total breakdown in market internals looks like...
We interpret this week's relatively unchanged FOMC statement to mean that unless payroll data seriously disappoints, a September rate rise is a go. It would buck the historical trend if U.S. equity prices were to come out unscathed in the run-up to a rate rise. This, at a time when the potential for further global growth disappointment abounds.
Bottom Line: Given the weak technical backdrop, there is little incentive to put fresh money to work in stocks at the moment, even despite the lack of attractive investment alternatives.
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As I said before, stay the hell outta the market until further notice. Further notice = Announcement of QE4 (and it better be at least double the size of QE3).
NOT gonna happen
So stay away from bankster windows..
THIS IS WHAT A TOTAL BREAKDOWN IN INTERNALS LOOKS LIKE
http://www.dailymail.co.uk/tvshowbiz/article-3180820/Kim-Kardashian-mock...
Baby, break down, go ahead and give it to me...
https://www.youtube.com/watch?v=DO2-4YAV8sM
QE4...QE has never stopped since it began; they are just doing through international and back-door mechanisms such as the Belgium bulge. The proof will be when the FED balance sheet expanded YoY by another trillion plus dollars.
At this point, being defensive is more likely to mean filling sand bags and making sure you have clear fields of fire. The next round of QE should be called "The fairy and unicorn conservation fund"......
Don't quit your day job as a Framer. You're wrong. this plan is so risky and contains so many unknowns and un-knowables as to be either a.) crazy, or b.) un-doable, or c.) both. Do not attempt to play in the market. You will be like a 6 yr. old girl on a tricycle who decides to play on the Interstate. Not a good idea.
"We interpret this week's relatively unchanged FOMC statement to mean that unless payroll data seriously disappoints, a September rate rise is a go."
LMFAO, yeah go ahead and raise rates.
Does raising the rate by .1% or even .25% actually count as a raise besides in the "technical" sense? I think not. I dare them to raise rates by just 1% and see the world financial system implode on itself.
Its not about reality, it's about 'optics'.....
Nattering Nabobs of Negativism
And Spiro Agnew went to jail, too! But, that's wishful thinking, no?
despite the lack of attractive investment alternatives.
Gold has become a losing investment thanks to constant attacks by the Fed
The last honest Fed chairman explains:
Paul Volcker: Gold Was the Enemy
“Gold was the enemy to me because that was a speculative vehicle while I was trying to hold the system together. [The speculators] were on the other side.”
Then and now, the gold price is viewed as the inverse price of the confidence in the system. If gold is high, it usually means something is amiss. In Volcker’s time, the high inflation and budget deficits of the 70s propelled gold from a low of $35 before 1970 to a high of $668 in 1980.
http://www.theepochtimes.com/n3/1299447-paul-volcker-gold-was-the-enemy/
Gee, I wish I had a big 'ol mess of the stuff. It may not be the safest place to store wealth but it'll do to until the real one comes along. In fact, speculation in physical might be fun today.
Not another finance story, please Tyler. WTF happened to Donald or can't you do a follow up on that earlier cat killer story?
The good philosophical debate articles come out just after 10 pm EST.
pods
Finance stories are sort of what they do here.
You're shitting me, right?
Yes.
Are you referring to Hillary's breakfast of rail yard chicken?
This is all about timing when the bankers' harvest will actually begin. We need to remove the farming operation itself. Then this kind of timing nonsense wouldn't be necessary.
47% of the NDX is weighted by 10 stocks.
37% of same with 5 stocks.
yellen bids 5-10 stocks per day for this index. other indexes are played same.
fuck off and die yellen.
Canada is in a resession. A lot of our stawks have pulled back more than 20% from their highs. Amerikan sinners repent, the end is near!
Tic Tic Tic Boom
Here's an excellent report from Factset. it's definitely worth the read.
It covers every sector and statistic, along with forward earnings guidance.
It's in PDF. format.
when AAPL and GOOG alone account for half of NASDAQ, you don't need too many stocks to go up for the index to go up. So why is thi a surpise. QQQ can a lot more to go as long as they big guns are up
don't forget Scamazon, 250 billion cap and goes up every day
It won't do any good; but it's my duty to inform you that ETF's were created and marketed to you; the ignorant retail sucker. It's amazing that you fail to understand the chart of the S&P500 prices. Every rally fails. what part of this is it that you don't understand ? It means nothing that "you don't need too many stocks to go up"---you're trying to convince yourself of your pre-conceived opinion. The rallies are being used as opportunities for the smart money to sell into and eliminate their positions; this is standard practice; it was the same in 1911; nothing is changed.
Nothing $10 trillion printed FED dollars can't solve...I mean Japan still exists and they are a lot more broke than we are.
What the FED needs to do is create two FED fund rates; one for the viewing public and the real one for what it is..ZIRP. That way they can do what they do best; enslave nations with massive debt to kill their sovereignty & keep failing businesses afloat...BTW - Jesus puts it all to an end.
Wouldn't be short. They will bust to new highs. It is not a rounding, it is a basing for the next lift off.
You're completely and hopelessly wrong. I've shorted the "miracle rallies"; and the "new highs" 7 times in a row now and made money every time. At least look at a chart of the market before you try to pretend you know what you're talking about. The market is in the final stage; the rallies are being used by the smart money and the big-big players to sell into and get out of their positions. This is why it's essentially falt on top and all the rallies fail.
It's a good article; this is what the poor fools who still have their retirement in the Stock Market need to be studying.