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Market Internals Unravel: 56 NEW Sell Signals!!

  • Written by Syndicated Publisher No Comments Comments
    June 5, 2012

    After a relatively flat day on Monday, following a sharp decline to close out the previous week you might have expected that the major technical damage would have already been done by now, right?.  Wrong.  Whilst markets spent a good part of Monday probing key support levels near the 1275 and the 200-day moving average, what wasn’t seen was the continuing internal unraveling that is going beneath the surface of these markets now!.

    In fact, over the past 4 trading days there have been 58 NEW intermediate term bearish trend signals triggered in our proprietary trend signal analytics model – an indication that the technical conditions are worsening and the market is now much more likely to expand to the downside in the coming weeks and months.

    Below is a complete list of all of the 56 stocks in the S&P500 that have all triggered NEW intermediate term bearish trend signals in the last 4 trading days (via our proprietary trend signal analytics model) – and this on top of the hundred and fifty or so that we have already told you about in recent weeks!.   And a reminder, the typical duration of the trend following an intermediate trend signal is several months to a year or more – so we think it is a good idea to be hunkering down because it’s going to get bumpy for a while here.

    Of the stocks listed below, we have selected 2 new instruments  (Kelloggs (K) and Waters (WAT)) that we are adding to the beta 3.0+ portfolio as their technical picture appears somewhat more ‘exposed’ to downside risk than others as they both have also both triggered long term bearish trend signals in addition to their new intermediate bearish trend signals;

    To view the full list of open portfolio positions click here where you can see how new bearish trend signals can be leveraged into the various beta portfolios.

    *Please note that the information provided here is for information purposes only and should not be construed in anyway as advice of any sort. Please familiarize yourself our important disclaimers here before continuing.

    Images: Flickr (licence attribution)

     

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