Markets Offering High Risk Low Reward?
Stock-Markets / Financial Markets 2014 May 01, 2014 - 02:37 PM GMTBy: 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)
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
Copyright 2014 © Rajveer Rawlin - 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.
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.
