RISK OFF
Small Cap / Consumer Staples ratio:
Stoned gamblers are hiding in the most overvalued and crowded sector of the market aka. recession stocks. Skynet is sucking the market dry, one sector at a time...
The August rally peaked with Financials. The December rally peaked with Internet stocks. This rally is peaking with recession stocks...
Bull Trap Visualized aka. delusion of safety:
P/E Consumer Staples
Waiting for the final break of the 200 day...
Financials broke in August...
Internet broke in December
Defensive stocks lead now...
XLP overthrow...
Growth / value ratio is not happy...
Yen carry is leaving the building...
As long as the wedge doesn't break, this will all be fine...
The biggest short-covering rally:
The most overbought market, in two decades...
McClellan Oscillator 20 dma: