•Stocks are approaching initial downside targets, following the recent “W”-pattern break
•Depending at what levels the bottoming pattern occurs, we can expect a bounce.
•This bounce could take Dow Jones to around 24,000 and S&P500 to a around 2600
•“Generals” are fleeing. GOOGL, AAPL, FB, BABA, BAC, JPM, XOM – All in Bear Markets
•Worldwide stocks are at new lows | No stock sector is spared selling.
•Correlations are high between stock sectors, high-yield bonds & world stock funds
•Junk debt was signaling trouble since February 2018
•Treasuries gain in a classic “flight to safety”
•Yield Curve is flattening. If this continues, short-term rates could be higher then long-term once
•This is called Yield curve inversion. In the past this lead to recessions
•Gold may be foreshadowing a reversal in the US Dollar trend to down.
•Oil sinks to a new low
•Natgas does nothing in the “no-man’s land”
•Bitcoin at an aggressive short level
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