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S&P 500 Suffers 'Death Cross' For First Time In 4 Years
This is the first time that the 50-day moving average crosses below the 200-day moving average since August 2011, creating the ominous-sounding "death cross." The month following this 'event' has produced negative returns 80% of the time...
For the first time since 2011...
What happened in 2011...
2010's cross was a bust, but 2008 was not...
Charts: Bloomberg
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Death Cross
Christopher Cross
Criss Cross
Alex Cross
SINCE 2011, CHARTS ON THE INDICES LONG TERM - DO NOT MATTER.
Massive epic biblical wicked hell damnation cross dead ahead!
You had to use the B word......clearly we're doomed.
All I see is panic buying at the open by ""somebody""
Same, the charts I'm looking at ugly. I have no idea how they get us out of this one. Hike or no hike it won't matter. Good luck PPT.
"somebody"
It was either the FED.......or Belgium.
Pretty sure it wasn't China.
it's a Swedish Black Metal band too, correct?
Now you've done it.
Ewick Marxist Lennin and his Nubian watermellon princess will be here to call you a white supremicist in 3...2...1...
Well then let's greet them under the death cross. White robes optional.
Nailed to a cross
All the uses of the word "cross" in this article is pretty islamophobic and homophobic. /s
Kriss Kross sez death cross will make ya - JUMP JUMP!!
I look at charts because they are pretty, these remind me of Christmas. You gain nothing by paying attention to charts, but they do look cool.
The machines' native language is charts. The manipulators go to great efforts to manage the charts BECAUSE they are so important. See if this cross holds for a week and after that watch and learn.
Exactly, and they're ugly.
Bw aware that correlation between e-mini and VIX has moved positive briefly - or in other words, even though e-mini is green / flat at the open, UVXY continues to move up.
I'm not sure what this means exaclty but it's very unusual to see anything other than a negative correlation. It means that even though the S&P is moving up, those trading in vol and risk are expecting a move the other way.
Likely because this death cross was a done deal since Monday. All they were able to do is delay it one day with their rebound. If they can't crack 2000 and stay above it and if they fail to break the 250 dma way up there at the neckline of that broken head and shoulders that started this entertainment (oops, charts don't matter, I forgot) we're all going bear hunting.
Jim Cramer never reports on such things as "death crosses." He is more into advising retail stock customers to place limit orders. Do HTF algos place limit orders? Algos don't talk about their trades.
Right. And 96% of those times were before the FED jacked their software into the markets.
The only thing more worthless than technical analysis is fundamental analysis.
Several years back I informed most of my financial data vendors that I no longer needed their services as the FED had made their product worthless. These days I just trade evil and it has turned out to have a rather impressive winning streak.
Once I changed my stock investment outlook in 08 from being one of a part owner in a company to one of I just bought a steaming dog turd and badly need a sucker to unload on, my returns have went off the charts.
Its a stock=Its a dog turd. Any further analysis from that has become totally unecessary and a waste of time.
you mean 2010 cross WAS NOT a bust
oh, doesn't mean the market going up 4000 more points from here?
It's either QE4 or crash at this point. Death cross demands answers!
dont worry, nasdaq is green, and all indexes should be green very shortly.
makes sense after 1000 pts on dow in 2 days that no ''investors'' want profits.
die bankers, die die die
This pussy footing 0.15% +/- in all indices is so annoying. Fucking go up or go down, don't just sit there
This is all bullshit. MA calculated how- there are at least 4 different methods (LWMA, EMA, GMA, Wilder, triangular)? And what is so special about 50 and 200? Why not 44 and 195? Or 48 1/2 and 203?
They're special because the coders put those values into the tiny but very fast brains of the machines. It was already in the traders' brains along with other arbitrary but very real numbers like Fibonacci's.
Well, if they get it above yesterday's high and Fischer says anything remotely dovish, I don't think major instiltutional shorts would come in until indices rocketed up to the 20 DMAs, likely bears know this and are furiously trying to knock it down before he gets on CNBC in a few hours in a scheduled Liesman interview
It is hard to believe they will allow a repeat of 2008 - which means the Federal Reserve could end up owning a significant portion of the markets by the time this is over. And then, when only the FED owns these companies? (pretty much all over - for everyone) Welcome to Communism 2.0 ...
I thought they already owned a sigificant portion of the market?
You keep hearing about " the Death cross", a technical symbol being employed to signal imminent reversal of a salient trend that alerts the herd to stampede in the reverse direction.
Has it any correlation with that other death cross symbol that was centerpiece in that awesome movie : Mississippi Burning?
A financial cross to replace a racial cross?
The story of a nation/civilization obsessed with its fear of losing its obscurantist roots based on religious and materialist exceptionalisms ; that tolerates no challenge !
Jerusalem and Wall Street's City : two kingdoms of obscurantist heaven.
When God-Yahve/Jesus/Allah and God -"Invisible Handed Greenback" get challenged !
Where do we head?
Let me guess : Its not Jackson Hole that supplies the answer!
The 2011 death cross was the result of a factor that was outside the economy and markets - fear that Congress would not raise the debt ceiling. Once they raised it the markets rallied again. This time that markets are collapsing over fear of whats happening in the global economy.
This is bullshit propaganda. The market crashed after they raised the debt ceiling not before. Check your facts. Debt ceiling raise was agreed to July 31st. Market crashed a few days later.
Also, barring a miracle rise in equities, the Dow's 50 Day MA is going to cross its 300 day MA next week.
Call him what you will. He is, he says, just a banker “doing God’s work”
C'mon miracle worker Lord Blankfein. Thou shalt not allow the 50 Day MA to cross its 300 Day MA. I dare say to invoke the prophet QE4 to vanquish this evil 300 Day MA line.
See, now all is good and you can enjoy your weekend. You can thank me later!!
Reminds me of the movie Jaws when no one would go into the water.
I'll hang out on the beach and listen to the screaming fools who venture in.
Sharks are waiting for you.
Double cross