Subscribe via E-mail

Your email:

Posts by category

Follow Me

Quacera's Market Radar

Current Articles | RSS Feed RSS Feed

Condition of the Markets

 

 

 

Monday, January 16, 2012

The New Year is officially underway; Santa Claus and New Year’s

rallies are complete, now reality creeps in and it is a bit ugly.

First, the market is overbought on a low volume bounce. The

Quacera QPM Radar™ Percent Positive Indicator peaked above

75% and is now down to 66%. Our Early Warning Reports are

signally a measureable decline in positive momentum. The

financials, the worst of 2011, rebounded on short-covering and

the reality of earnings may put pressure on the stocks. The only

sectors with Four Trend Positives (see website) are Utilities and

Consumer Staples, not the typical leaders of a new bull market.

And then there is Europe….and China…Batten Down the Hatches.

 

 

 

Comments

Currently, there are no comments. Be the first to post one!
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics