Its very easy to read research papers from Wall Street firms or hear money managers on CNBC tout that the real growth story continues to lie in the “Emerging Markets” arena. They may be correct in the longer-term, yet the Power of the Pattern reflected that bearish rising wedges were taking place all around the world [...]
CLICK ON CHART TO ENLARGE Emerging Markets/BRIC ETF’s continue to create a series of lower highs and of late are acting pretty tired (reflecting relative weaknesss) compared to the broad markets in the states. Keep eye on Emerging Markets to see if they turn into “Falling BRIC’s” and impact the broad markets/S&P 500!
The 6-pack below reflects DIFFERENT MARKETS from around the world….yet they very much have LOOK ALIKE PATTERNS! CLICK ON CHART TO ENLARGE This 6-pack is a great reflection of how correlated the worlds markets have become. Some of the markets are on opposite sides of the planet, yet their patterns/resistance lines look very much the same. [...]
Global markets on a high wire? CLICK ON CHART TO ENLARGE Global markets remain in a very tricky situation, per the vast majority of them are setting on support lines at the same time. Last weekend I ran a post titled “Look Alikes, Domino’s and Slippery Slides”. (see post here) This is a very tricky [...]
CLICK ON CHART TO ENLARGE Markets around the world (S&P 500, Russell 2000, EAFE, Emerging, Shanghai and more) have all formed “Look Alike” Patterns, each testing key support at (1)! With correlation so high around the world, if one breaks a “Domino effect” could take place. If support would break for each of these, the markets could become a “Slippery Slide” in [...]
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