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You don’t have to be a seasoned stock technician that reads charts in their sleep to be able to sense something has changed in this market – and, depending on your point of view, not for the better.
The folks following along with me in TheoChat got warning of this on Friday, when our model – that’s served us very well – flashed red with some major troubles.
When I looked for market leaders, I found… consumer staples and healthcare standing head and shoulders above the rest. That is a problem.
Elsewhere, bonds are bidding like the economy is about to hit the skids and crude oil is plumbing multi-week lows.
Now, our China idea is flying along, but here in the US markets we see fear – or maybe something even more sinister.
Let’s take a closer look…
