NYA NYSE Weekly Chart with 40 MA Cross Secular Bull to Secular Bear

NYA weekly chart with the 40 MA cross is a secular call on the markets. This tells you which direciton the broad market winds are blowing since the majority of individual stocks will move with the overall broad market winds. In Friday's session, price cracked thru the 40 week MA, for about ten minutes time, just before 2 PM EST, a huge deal since it may end the 10-month QE2 rally.

Markets fell into a secular bear last summer. August 2010 shows a blip up that was an outlier, the downside began again in August, and the secular bear market was being confirmed more and more with each passing day. A Hindenburg Omen triggered in August 2010. The markets were going over the falls. Chairman Bernanke stepped in to save the day with QE2, note the large white candle late August, and then once NYA price moved up thru the 40 week MA, we were in a secular bull market again, strike up the band and let the wine flow.

This fun continues for 10 months until Friday, 6/10/11. In the coming days and weeks, watch this like a hawk to see if the failure occurs and if price remains below the 40 week MA, if so, then put your bear suit on if you want the wind at your back since we will be in a secular bear market--at least until QE3 occurs. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.