Rok-n-Dan's Market and Sector Analysis with Fidelity Select Sector Funds

Dan Caldwell Has Had Over 25 Followers Rank: 33 Followers: 32 Votes: 60 Years Member: 12 Last Update: 1 December 2015, 10:38 Categories: General Market Commentary
Gold / Gold Stocks
Chart Patterns

6/25/15: China is in freefall after a 12 month gain (top of p.2) as its highly leveraged market went parabolic on margin buying. In terms of margin leverage the US markets are mirroring China and are ripe for an overleveraged margin call. Smart money is selling going to cash - buying long dated PUT options on owned stocks may be good safety plan.

1/14/15: Dr. Copper is in free fall, along with other base metal mining, as global construction grinds to a halt. Without construction there is no growth. From the FRED's own data each time copper and oil have fallen so dramatically the stock market has experienced a serious correction.


$SPX - S&P 500 Fibonachi

00 Bonds (TLT) vs S&P500

00 CBOE Options Equity Put/Call Ratio ($CPCE)

00 NYSE Percent of Stocks Above 50 Day Moving Average

00 Russell 2000 2x UltraShort (TWM) Daily

000 UltraShort Russell 2000 Fund (TWM) Weekly

0000 NYSE Bullish Percent Index ($BPNYA)

6/24/11 NEW CHART. The Bullish Percents (BP's) are flashing oversold signals but have not yet made the turn, so holding cash is still the prefered option. Agressive traders who have been short may want to take some profits off the table. As Q2 window dressing winds down next week I expect hedge, pension, and mutual funds to take profits and reverse positions heading into the start of Q3.

00000 10 yr. Wilshire 5000 Composite Index

00000 Financials Select Sector SPDR (XLF)

00000 NYSE Composite Index/Euro Index ($NYA:$XEU)

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