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Three Stock Market Charts You Need to See Now

Stock-Markets / Stock Markets 2010 Apr 30, 2010 - 01:06 AM GMT

By: Graham_Summers

Stock-Markets

Best Financial Markets Analysis ArticleSome of you have written in asking me about the new logo.  I apologize for not clarifying this earlier. I am branding all of my content and communications going forward under the banner of Phoenix Capital Research.


The reason for this is that I believe the coming years will prove to be a time of massive wealth destruction. My newsletters and writing will be devoted to helping investors navigate this mess so they can emerge from it successfully, just as the mythological Phoenix emerges reborn from its former ashes.

So it’s still me, still doing what I do best, just with a new logo and a new brand.

Now, on to the markets.

The markets in general are coming up on their 200-weekly moving averages. This is pretty much occurring across the board, though it is most obvious on the Dow:

Many technical traders and Elliot Wave folks think this will prove the top or ultimate resistance level for this market rally started March 2009. The market internals (low volume, weak momentum, etc) combined with sentiment (bullishness back to 2007 levels, the VIX down near 15 before last Friday, etc) certainly lend themselves to the case that a Top of some sort if being formed. Whether it proves to be THE top remains to be seen.

We get further evidence of a potential top forming from the emerging markets. The BRICs led the market to the upside, bottoming in November 2008 while the US markets continued to plunge into March 2009. So with that in mind I want to point out that the BRICs are rolling over:

China: no new as central banks begin to tighten.

Brazil: a new high but now rolling over.

Does this spell imminent Doom for the US markets? Not necessarily, but we are getting very close to having a significant (possibly THE) top in place. Those “in the know” (insiders) continue to unload shares by the truckload.

Monitor this situation closely. Remember, tops don’t form on bad news, they form on good news. And blow-out earnings from financials is about as good as it gets when your entire financial system is propped up myths and lies.

Good Investing!

Graham Summers

http://gainspainscapital.com

PS. I’ve put together a FREE Special Report detailing THREE investments that will explode when stocks start to collapse again. I call it Financial Crisis “Round Two” Survival Kit. These investments will not only help to protect your portfolio from the coming carnage, they’ll can also show you enormous profits.

Swing by www.gainspainscapital.com/roundtwo.html to pick up a FREE copy today!

Graham Summers: Graham is Senior Market Strategist at OmniSans Research. He is co-editor of Gain, Pains, and Capital, OmniSans Research’s FREE daily e-letter covering the equity, commodity, currency, and real estate markets. 

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.

    © 2010 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.

    Graham Summers Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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