Pretty clear line in the sand here for Mr. Market's most popular trade.
It was over three years ago that Ray Dalio first proposed his 1937 analog. After the presidential election, he refreshed it in the context of growing global populism. Now the technicals appear to be lining up with the fundamentals. Read more here: thefelderreport.com
Very important trend line here for the FB, AMZN, AAPL, NFLX, NVDA, GOOGL composite.
See this post for more: thefelderreport.com
The Russell 2000 triggered another daily DeMark Sequential (13) sell signal yesterday just as it tagged the underside of its uptrend line. Further upside may be limited as the probability of an important reversal looks high.
9-13-9 DeMark Sequential sell signal triggered today on the daily chart amid an ending diagonal with bearish momentum divergences.
...as discussed by Raoul Pal on Superinvestors and the Art of Worldly Wisdom
Tom DeMark once told me that a Sequential 9-13-9 is one of the most powerful sell signals he has identified. Since it triggered, Bitcoin has formed a clear pennant. Which way will it break? I think it's most likely in a topping process but have no position.
Gold has only been cheaper relative to the S&P 500 once in the past two decades. You might also say stocks have not been more expensive relative to gold since the dotcom mania. Either way, long-term investors might consider the ramifications of a reversion to the mean here in coming years.