Monday, September 28, 2015
SPX S&P 500 and UPS United Parcel Service Weekly Charts Negative 20/50-MA Crosses Verify Cyclical Bear Market
On Friday, the S&P 500 (SPX) 20-week MA crossed down through the 50-week MA a very bearish development which locks in the projections for a cyclical bear market ahead. The Dow Industrials (INDU) negative 20/50-week MA cross has occurred but the Nasdaq Composite (COMPQ) has not. The Russell 2000 (RUT) negative 20/50-week MA cross will occur any day.
Remember that one of Keystone's key cyclical market signals is the 20/50-week MA cross on UPS since it is a key global economic bellwether. More shipping equals a strong economy less shipping indicates weakness. The UPS negative cross remains in play which forecasts a continued cyclical bear market ahead for equities. Things will only get worse if UPS price stays under the 20-week MA at 98.60 and heads lower. Market bulls will show a slight sign of life if they can at least sneak the UPS price above the 20 MA since this will curl the 20 MA higher. If you followed Keystone's UPS signal in April you saved a boat load of money by ditching longs. 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.