When we look at the overall model we see an ideal position of 100% long since the beginning of the year. What is reason for concern ist the amount of negative Divergences in the contributing elements. Particularly concerning are the deviation for the Banks, China and the Euro.
Summary:
NEGATIVE DIV
SMH
FXI
IWM
FXE
BAC
JPM
MS
JNJ
POSITIVE DIV:
AAPL
SLV
NEUTRAL:
GE
FXA
AMGN
Plain Bullish:
XOM
NEM
Pls. see for yourself. There is the smell of an Exhaution in the air, let's see how quickly it materializes.
(all charts and more can be found in SUSI Charts)
No comments:
Post a Comment