The Technical Damage From the Last Week Has Been Severe

Phoenix Capital Research's picture




 

Stocks are rallying into the open. However, the technical damage of the last week has been severe.

 

The S&P 500 crashed through its trendline (blue line). It also crashed through critical support established by the bounces in September and October (green line).

 

 

We might get a bounce here to retest that green line, but unless a major Central Bank launches a new monetary program stocks are heading DOWN.

 

Indeed, in the BIG Picture it looks more and more like the bull market for stocks is over. The last hope for the bulls is that we hold critical support on the monthly S&P 500 (the green line). Otherwise it’s GAME OVER.

 

 

Smart investors are preparing now.

 

We just published a 21-page investment report titled Stock Market Crash Survival Guide.

 

In it, we outline precisely how the crash will unfold as well as which investments will perform best during a stock market crash.

 

We are giving away just 1,000 copies for FREE to the public.

 

To pick up yours, swing by:

https://www.phoenixcapitalmarketing.com/stockmarketcrash.html

 

Best Regards

 

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 

 

 

 

 

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Fri, 01/08/2016 - 10:28 | 7016923 DowTheorist
DowTheorist's picture

Technical damage has been so severe that it should be labeled as a primary bear market.

 

As per the Dow Theory, a primary bear market was signaled on December 11, 2015, as explained here:

http://www.dowtheoryinvestment.com/2015/12/dow-theory-update-for-decembe...

 

Primary bear market signals are to be taken seriously, as the odds favor further declines. More especifically: Following a primary bear market signal, the US stocks market has further declined by an average -13%, and ALL market crashes have been preceded by such a signal. So, while nobody knows the future, technically the damage has been indeed "severe". So severe that a further decline of -13% is not to be ruled out. More about such figures here:

http://www.dowtheoryinvestment.com/2015/12/dow-theory-special-issue-addi...

 

 

Fri, 01/08/2016 - 10:12 | 7016812 Fed-up with bei...
Fed-up with being Sick and Tired's picture

ARE THESE REPORTS TWO-PLY OR SINGLE PLY?

Fri, 01/08/2016 - 12:10 | 7017540 eyesofpelosi
eyesofpelosi's picture

Wiping your ass with these reports would be like wiping ass with poison ivy.

Fri, 01/08/2016 - 10:26 | 7016908 RadioFlyer
RadioFlyer's picture

piece of cardboard with a hole in the middle for your finger scooping pleasure.

 

Fri, 01/08/2016 - 09:49 | 7016666 Pliskin
Pliskin's picture

You know what?  I think THIS TIME, Pheonix Capital might just be right.

Note:  I'm still not interested in one of their 'Free copies, only 1000 left, hurry now.' shit though.

 

Fri, 01/08/2016 - 12:15 | 7017557 eyesofpelosi
eyesofpelosi's picture

Phoenix Capital is one of those obnoxious "contributors" I was complaining about on another thread...click-bait fuck-wipes

A review of my list of hates on the web 2016:

Drudge Report (Aggregated news that links to MSM...fuck you Matt Drudge)

Infowars
Intellihub
Beforeitsnews
Steve Quayle (See Dave Hodges)
Dave Hodges (GO TO YOUR BUNKER AND PRAY ALREADY)
King World News (Seriously fuck these click-bait douches in the neckhole with a hot spork)

Fri, 01/08/2016 - 10:28 | 7016918 arbwhore
arbwhore's picture

Gartman is bearish... just saying...

Fri, 01/08/2016 - 10:11 | 7016807 Hitlery_4_Dictator
Hitlery_4_Dictator's picture

NOPE, this will be JUST like August of last year. Pheonix Capital = wrong again.

Do NOT follow this link or you will be banned from the site!