Stock Market Watershed Day
Stock-Markets / Stock Markets 2015 Apr 17, 2015 - 05:26 PM GMTSPX declined beneath its 50-day Moving Average at 2084.21 shortly after 10:00 am. There may be a retest of the 50-day, but may resume with the realization of the loss of an important support.
NDX appears to be going full throttle through its support and may be heading for the Lip/Neckline at 4255.00.
The Hi-Lo index is now on a sell signal. There is additional confirmation at -10.00 and -113.00, but it is not necessary to await confirmation, as both the 50-day and mid-Cycle supports have been broken.
VIX is approaching its aggressive sell signal at 14.64. The first breakout point is at 14.74 and the 50-day is at 14.94, all in a tight package.
There is a good probability of all of them being broken by the end of the day. In summary, appears to be a watershed day.
Stay alert and short!
Regards,
Tony
Our Investment Advisor Registration is on the Web
We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.
If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at tpi@thepracticalinvestor.com .
Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com
As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals
Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.
Anthony M. Cherniawski Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.