•Stock futures end the week on a painful note
•A miracle is still possible, but multiple signs point to more downside
•Marking potential breakdown targets for S&P 500
•Bullish sectors: Utilities, Staples, Real Estate, Health Care ~ 25% of market
•Barely Bullish sectors: Discretionary, Technology ~ 30% of market
•Bearish sectors: Communications, Financials, Industrials, Energy, Materials ~ 45% of market
•Retail (XRT) breaks support
•Small caps (IWM/IJR) make a new low, as do Transports (IYT)
•Charts of interest: Preferred stock (PGX/PFF), India (EPI), Apple (AAPL)
•Bonds are signaling flight to safety
•Getting ready to short gold
•Natural gas continues in its volatile ways
•Oil could bounce, but the trend is down
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•A miracle is still possible, but multiple signs point to more downside
•Marking potential breakdown targets for S&P 500
•Bullish sectors: Utilities, Staples, Real Estate, Health Care ~ 25% of market
•Barely Bullish sectors: Discretionary, Technology ~ 30% of market
•Bearish sectors: Communications, Financials, Industrials, Energy, Materials ~ 45% of market
•Retail (XRT) breaks support
•Small caps (IWM/IJR) make a new low, as do Transports (IYT)
•Charts of interest: Preferred stock (PGX/PFF), India (EPI), Apple (AAPL)
•Bonds are signaling flight to safety
•Getting ready to short gold
•Natural gas continues in its volatile ways
•Oil could bounce, but the trend is down
Sign-up to get the Trading Indicators and Alerts
Follow me on Twitter, StockTwits, YouTube, TradingView, Stockcharts, and FaceBook!
Watch this video on YouTube!
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