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: As mentioned in my recent January charts on the move video, based upon looking at hundreds of thousands of charts, markets that decline double digits […]
Please follow and like us: On Jan 2, 2018 I walked into Melanie’s office and told her I had set a goal for myself to see if I could double […]
Please follow and like us: Josh Brown (thereformedbroker.com) is a must follow for those who live and breathe the markets as I do. His post from last Friday says so […]
Please follow and like us: It’s a brutal market with no sign of let up (for now). Because of the spike in the VIX and large selling volume (when seen […]