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Strategies & Market Trends : John Pitera's Market Laboratory
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To: The Ox who wrote (17565)1/7/2016 10:15:48 PM
From: John Pitera3 Recommendations

Recommended By
3bar
Hawkmoon
The Ox

   of 33421
 
The Broader Market is weaker than the largest Market Cap stocks.

The Russell 2000 has had it's Moving Average Rainbow roll over..... in 2011 we had the 2 year note down at 15 basis points, ZIRP and aggressive Quantitative Easing... The 2016 story is global currency wars and the Massive Global dislocation of having Crude Crashing so dramatically.

With emerging market currencies really careening lower.. the price of Crude, Commodities, precious metals and everything else... all of them have more for Brazil, Russia... The work has been burning through a couple of trillion of dollars of currency reserves and Reduced Stock Market Capitalization.



The Broader Indices are weaker than the SPX with it's Market Cap Weighting

The NYSE has shown it can go below it's major uptrend line.... The market is very good at showing trend line breakouts and breakdowns that are false tells. And the stock market has been in a regression to the mean change trading most of the past 18 months.

The NYSE has the greatest volume concentration on this 10 year chart between the 7727 50% retracement and the .382 retracement at 8560


The NYSE has also had it's Moving Average Rainbow roll over



JP
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