As you can see, the ratio peaked in 2016 and in the process of changing character. Changing from an uptrend where higher highs and higher lows were the norm to one where lower highs and lower lows are occurring. All is not completely lost for stock bulls as the ratio is in a sideways consolidation and has held its key horizontal support level. Watch out though, if that level gives way that would be a strong argument it’s time to hunker down into less risky assets.
Please follow and like us:In June of last year, I wrote about how the US treasury yield curve was getting close to inverting and how that has historically been an […]
Please follow and like us:The pocket pivot concept is, in essence, a favorable early-entry buy point in a stock. Buying pocket pivots are advantageous because the signal attempts to get […]
Please follow and like us:I haven’t written about the Millennial savior, bitcoin, in well, it seems like forever. Not because I don’t like it but rather its was in a […]
Please follow and like us: The “doji” (meaning the same or no change in Japanese) can be one of the most important candlesticks when viewing charts. It indicates that buyers […]