Markets Offering High Risk Low Reward?

Stock-Markets / Financial Markets 2014 May 01, 2014 - 02:37 PM GMT

By: Submissions

Rajveer Rawlin writes: Lets look at the following charts:

The Dow long term chart shows a broadening top megaphone pattern, we are near the top of this pattern and a triple top could be underway in the daily chart

Broadening top (courtesy yahoofinance.com)

Chart forDow Jones Industrial Average (^DJI)

Techs are underperforming the broader market:

Banks are underperforming:

Dollar has stubbornly held its recent lows:

Gold is breaking down:

The Vix has been basing for two years and getting ready to explode upwards:

All in all a case for the “Sell in May and go away”.

Rajveer, MBA

http://www.linkedin.com/pub/rajveer-rawlin/3/534/12a

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