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All Indicators Are on an Aggressive Stock Market Sell Signal

Stock-Markets / Stock Markets 2015 Apr 14, 2015 - 04:02 PM GMT

By: Anthony_Cherniawski

Stock-Markets

As SPX approaches the 2-hour mid-Cycle support at 2082.30 and the 50-day Moving Average at 2079.52 we are likely to see a bounce. However, all indications are that it will be short-lived. SPX will be on a confirmed sell signal beneath the 50-day Moving Average.


ZeroHedge reports, “The post-retail-sales, opening ramp has been eviscerated as yet another data series suggests things aren't well in the US economy. US Business inventories rose more than expected in February (+0.3% vs +0.2% exp) but this held the crucial inventories-to-sales ratio at 1.36x - the highest since the Lehman spike.”

Of course, this only enhances the trend as bad news = bad news. Small Business Optimism is also reported to beat 9-month lows as hiring plunges.

VIX made a high of 14.74 this morning, challenging its mid-Cycle resistance at 14.64 and Intermediate-term resistance at 14.71. A small pullback is warranted as it gathers strength for the breakthrough. We may now consider VIX to be on an aggressive SPX sell signal.

The NYSE Hi-Lo index made a new low and is now on an aggressive sell signal as well. This is the lowest it’s been since April 2. A confirmed sell signal would be achieved beneath -10.00.

We may now proceed with a bit more confidence in our signals as we await the confirmed status on all of them.

Regards,

Tony

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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.

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