As evidence to support what I said in my last post, note the weak charts for the micro-caps, small caps, high yield corporate paper, and junk bonds, respectively below.
These are charts suffering technical damage by any standard, while we know the Nasdaq and S&P are basically hovering at their 20-day moving averages, seemingly unscathed at all.
In particular, the sell-offs in high yield paper and junk today is most concerning, given how disorderly it appears without gaining much attention.
The micro-cap chart, IWC, is another overlooked one with a potential major head and shoulders top very much in play.
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
Can we add REM to your chart list? Or, are mREIT’s conceptually included in the junk bond sector? Are we still buying dips like my guy over at xtranormal says?
It’s worth watching, shawn. Thanks.
I already said it earlier when it was more ballsy but I’m thinking all indexes down 2% or more today with maybe some follow through tomorrow.
In other words, get a bunch of calls everyone, market’s about to reverse. 😛
Good luck
is that call OEW driven?
I read Tony’s blog, but the call was more Argentina defaulting on top of everything else with people being conditioned to buy the dip… was about time.
Nice call of the divergences…
https://www.youtube.com/watch?v=5XP3MonWebI
Thank you sir
Dude, you have the best pictures in the world.
Thanks, Patrick
super hot chicks. Any idea who they are?