There Are Bearish Momentum Divergences Everywhere
S&P500
Nasdaq Composite
Latin America
Emerging Markets
Freeport-Mcmoran
Utilities Sector
IBM
Chile (who led us from the start and a was big reason we got bullish stocks in late Jan)
Brazil
Semiconductors
Industrials
Apple
These divergences are typically a signal of a change in trend. Just to be clear, it does not necissairly mean a reversal in trend. We can go from an uptrend to a sideways trend or in other cases, from a downtrend to a sideways trend.
[hide_from accesslevel="premium"]Become A Member of All Star Charts for further interpretation of this behavior, and more importantly, how we're trying to profit from it. With Your 30-Day Risk-Free Trial, you gain access to the Trade Ideas Page, the Weekly Letter to Members, an Archive of all the Monthly Conference Calls, access to the Chartbook and Many Other Bonus Features.
Start Your 30-Day Risk Free Trial Today!
[/hide_from]
Tags: $XLU $SPY $COMP $QQQ $AAPL $FCX $ILF $EEM $ECH $EWZ $IBM $XLI $SOX $SMH