Thursday, 15 January 2015

Provisional warning of trouble

With a daily close of sp'1992, the monthly cycle settled the day with a bearish MACD cross. That has happened barely 4 or 5 times since mid October. If January closes negative cycle, we'll have the first confirmed monthly bearish close since Jan'2012.



Suffice to add.... how we close the month.. that is what matters.

*ohh, for those of you wondering, yes, I'm aware that the Dow and R2K have been the equivalent of MARCON 6 for some months, but I try to focus on just the sp'500. I simply do not have the time to cover all the indexes.