Wednesday 11 April 2018

Stock Market - The Good, The Bad and The Ugly


The good first:

The market seems to be holding the 200 DMA despite excessive bearishness and negative vibes surrounding the trade war with China and the special counsel investigation involving president Trump:

spx 200 dma

The bad:
Valuations are still in the stratosphere and market volatility is on the rise:
spx Q ratio

Chart courtesy Jill Mislinski via Advisor Perspectives

spx vix chart


The ugly:
If the market where to break support here near the 200 DMA there is loads of downside ahead and parallels to earlier market melt downs are well worth watching:

spx comparison

Chart courtesy David Rosenberg:

stock market good bad and ugly
Image from imdb.com

No comments:

Post a Comment