Wednesday, July 2, 2014
SPXA150R S&P 500 Stocks Above 150-Day MA Signals Markets Topping Out
The red circles show market tops and the green circles show market bottoms. The heavier red circles above 85 show the market smack down to begin the year where the SPX lost 110 points, the April dump of 85 SPX handles and the June sell off of 30 handles. An SPXA150R above 90 is a pure gift to short the markets. At 86.40, this is high enough where index shorts can be maintained and added to since the markets are at or near topping out. A 90 print may, or may not occur. The bulls may not have the juice to print 90. Overall, the SPXA150R shows that a significant top is in place or very very near (within days). Watch your wallet. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.