Of all the major indices the broader NYA looks the worst. It has already dropped over 20% since its ATH made in 2015 and the trend is down on all time frames. If we look at the chart we see that price has dropped below all important long term trendlines and is struggling to regain…
Many have wondered if it is 2008 all over again. Some say yes, others say resolutely no. Here we simple look at the facts and data. Figure 1 shows the S&P500 from late 2007 through mid 2008 in the top right, while the lower left shows the SPX from mid-2015 through early 2016. Fig 1: Early…
Two weeks ago we showed our LongTerm SMA chart foretelling us of a bear market unfolding. Nothing has changed since then, which is good (for us, but bad for the market). However, last Friday due to the supposedly BOJ negative interest rate rally, we heard from many telling us the bear market thesis was already dead. It’s…