CNBC May 9, 2016
"There's Not Enough Money Out There For An S&P Rebound"
Relentless sector rotation has exacted a heavy toll. Now, the latest data confirms a record rotation into junk bonds and Municipal bonds out of stocks...
The volume moving averages (50/200) clearly show the rotation out of stocks which has been taking place for months...
Price/volume indicates that the underlying foundations to the market have been systematically eliminated, one sector at a time...
Consumer staples are attempting a double overthrow, but it won't work...
Retail is getting shellacked on another Gap stores profit implosion...
Lockheed Martin is parabolic
The S&P's first wave down is complete now wrapping up wave 2...
From here to panic...
