Is the Stock Market Bottom In?Stock-Markets / Stock Markets 2016 Jan 24, 2016 - 04:34 PM GMT
Stocks are rallying this morning.
They are not rallying because of a change in fundamentals.
They are not rallying because of a significant debt restructuring.
They are not rallying because of great quarterly results from key economic bell-weathers.
They are rallying because of hope for more Central Bank stimulus.
This is the game traders have played for weeks now. Every time it has ended in failure.
From a technical perspective, the S&P 500 could bounce to 1925 as a retest of former support.
However, the damage from the collapse has been severe. All told, $17 trillion in wealth has been erased in the last six months.
The Wilshire 5000 (the broadest stock index) has broken a clear Head and Shoulders pattern. It has erased two years’ worth of gains in a matter of days. BIG trouble.
The S&P 500 has broken a clear rising wedge pattern. This is a classic topping pattern and tells us that the bull market started 2009 is probably over.
In simple terms, bounces and rallies may provide relief but the trend is now DOWN.
Another Crisis is coming. Smart investors are preparing now.
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Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and undervalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.
Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.
© 2016 Copyright Graham Summers - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
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