Thread: Bear Cave 2 (Bull Allowed)

The Warning Signs Are Starting To Flash

The Warning Signs Are Starting To Flash
Jeff Clark | Nov 18, 2020 | Market Minute | 3 min read
The bulls are running wild again.

The S&P 500 hit a new high on Monday. The Dow Jones Industrial Average is within spitting distance of 30,000. The tech-heavy Nasdaq is leading the way again. And, we’ve just entered a strong seasonally bullish period for stocks.


On Monday, though, just as the VIX was approaching its lower BB, the NYMO closed above 67. It’s certainly possible this overbought condition might help fuel a stock market pullback in the coming days.

But, there’s no harm in being a little careful here. We’ll likely have a better chance to put fresh money to work in a week, or two.


https://www.jeffclarktrader.com/mark...ting-to-flash/

Fundamentals don't matter until they do. Not sure when that will happen again.


Sven Henrich
@NorthmanTrader
16h
Not that fundamentals matter, but the Baltic Dry Index keeps dropping.
$SPX $BDI

https://twitter.com/NorthmanTrader

Getting close to the mean (200 dma) and I will look to buy back my shares.....

https://stockcharts.com/h-sc/ui?s=GD...98&a=818441077

Weekly: I use the 50 wma as the mean. Getting closer to my buy signal ( The green zone)

https://stockcharts.com/h-sc/ui?s=GL...03&a=824490306

LiveSquawk
@LiveSquawk
Global Debt To Hit Record $277 Trillion By Year-End, At 365% Of The World's GDP -IIF
Sven Henrich
@NorthmanTrader

The price of beating Covid?

150% debt to GDP and the biggest asset bubble in history.

The SPY weekly HLC bar closed back inside the Jaws pattern today. We shall see how that plays out in the days ahead. The last two tries failed....

IWM weekly: Notice the convergence of the 200,100,50,40 ma's.... A rare event! The last time that happened was in 2008. It's not a sell signal it's just a pattern so far that is repeating.

https://stockcharts.com/h-sc/ui?s=IW...32&a=842018597

The Fed Bubble continues.....


Sven Henrich
@NorthmanTrader

2h
Bottomline: The top 10% own 88% of all corporate equities and mutual fund shares where as the bottom 50% own 0.6% and central bank policies have created the widest disconnect between markets & the economy in history benefitting disproportionally the top 10%.
Fact.

https://twitter.com/NorthmanTrader



David Rosenberg
@EconguyRosie

5h
Count up all the Americans on emergency jobless benefits, on mortgage forbearance and on the CDC no-eviction list, and it's nearly 30 million hanging on by a thread after Jan 1st. And we have strategists cheering over fiscal gridlock. Go figure.
David Rosenberg
@EconguyRosie

5h
When you look at the fact that "zombie" companies, via the long arm of the Fed, were able to raise $1tn since the pandemic began, is it any wonder we haven't had an insolvency crisis?

https://twitter.com/EconguyRosie?lang=en

Did UUP just make a lower high? It's an important indicator if it did.....

https://stockcharts.com/h-sc/ui?s=%2...28&a=842367401

Sven Henrich
@NorthmanTrader

4h
$SPX
#knowyourtrendlines

https://twitter.com/NorthmanTrader/s...267777/photo/1

Monthly equity put/call ratio

https://twitter.com/NorthmanTrader/s...162946/photo/1

A link for my monthly data below: The trend remains up, but note what it took (The M1 move) The monthly $CPCE is on this chart too.

https://stockcharts.com/h-sc/ui?s=%2...92&a=842390654

Originally Posted by robo

The Fed Bubble continues.....

David Rosenberg
@EconguyRosie

5h
Count up all the Americans on emergency jobless benefits, on mortgage forbearance and on the CDC no-eviction list, and it's nearly 30 million hanging on by a thread after Jan 1st. And we have strategists cheering over fiscal gridlock. Go figure.
David Rosenberg
@EconguyRosie

5h
When you look at the fact that "zombie" companies, via the long arm of the Fed, were able to raise $1tn since the pandemic began, is it any wonder we haven't had an insolvency crisis?

To add to that theme:

About 300 companies that received as much as half a billion dollars in pandemic-related government loans have filed for bankruptcy, according to a Wall Street Journal analysis of government data and court filings.

https://www.wsj.com/articles/hundred...ed-11605609180

Moving out (above) the Jaws pattern again. The Bulls are calling this a Breakout. We shall see how it plays out. The upper red line is a close up of the Jaws pattern. ( second link below)

https://stockcharts.com/h-sc/ui?s=SP...97&a=837748028

A closeup of the pattern.

https://stockcharts.com/h-sc/ui?s=SP...17&a=842578765

Bottom Line: Love it or hate it the trend remains up!