Mark Hulbert writes June 1 at MarketWatch:
Monday’s trading will be the first opportunity stock investors in the U.S. will have to act on a major technical violation that occurred at Friday’s close: The breaking of the 200-day moving average.
This could result in an avalanche of sell signals hitting the market at Monday’s open, since many technical analysts use the 200-day moving average as the dividing line between bull and bear markets. They consider the primary trend to be up so long as the market is trading above its 200-day moving average, and that this trend turns to bearish whenever the market closes below this average—and that is what happened at Friday’s close.
Read more here.
- Ghost Of 1929 Re-Appears - Pay Attention To The Signals
- The sound of Nobel Prize-winning bubble alarm
- Nobel Prize winner warns of US stock market bubble
- Why US baby boomers are retiring in Latin America
- Bagehot & Deflation: Interview with David Kotok
- Obamacare Impact on Jobs (And Way Less Job Growth than Anyone Thinks)
- PUTTING THE GINI BACK IN THE BOTTLE: GINI COEFFICIENT KEEPS RISING WHILE REAL MEDIAN INCOME FALLS
- NOMURA: It's The End Of The End Of The World
- Bitcoin Soars Above $600: Rises 20% In One Day Ahead Of Senate Hearing
- Bitcoin Rises Over $500
- China eases 1-child policy amid elderly boom
- Q3 Earnings Roundup: Banks, Non-Banks and the FOMC
- As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target
- Cancer patient chooses death after Obamacare causes his premium to increase by 833%
- As Bitcoin Soars Over $300, A Question Arises: Could It Become A Global Reserve Currency?