DIA-Preps to breakdown
The DOW (DIA) is showing extreme signs of breakdown below the 50dma.
Notice the historical movements and now the volatility of the moves. Huge difference.
What is not said can be found in the recent annual Treasury report and confirmed at the FRED (Federal Reserve Economic Data website.
1) The US government operated to the tune of 1.7 trillion dollars overbudget.
2) Total US Debt including unfunded Liabilities now exceeds 70 Trillion dollars.
3) Every US citizen from the date of birth to death in 2016 has an implied responsibility to US debt at the rate of $232K per person.
https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/17frusg/02142018_FR(Final).pdf
4) FRED data showed on Jan 3 2018 that the historical interbank lending went to near $0.00 and the FRED has discontinued this report that has been tracking this indicator since 1973.
5) In other words banks are no longer loaning to each other because there is a lost faith that banks loans are solvent.
6) I believe a retracement to structure will occur to the level of 18300 in the next 6 months.
https://fred.stlouisfed.org/series/IBLACBW027NBOG
7) My assessment is based on current conditions of USA all assets.
8) Globally, the market correction caused 242 trillion dollars to leave the market and there is not any clear indication that any asset classes are recovering.
9) There may be increases in numismatic gold purchases according to my resources.
7) Overall MACD is signaling short
8) I am short the DOW Jun 18K 2018 puts as insurance on my portfolio.
Notice the historical movements and now the volatility of the moves. Huge difference.
What is not said can be found in the recent annual Treasury report and confirmed at the FRED (Federal Reserve Economic Data website.
1) The US government operated to the tune of 1.7 trillion dollars overbudget.
2) Total US Debt including unfunded Liabilities now exceeds 70 Trillion dollars.
3) Every US citizen from the date of birth to death in 2016 has an implied responsibility to US debt at the rate of $232K per person.
https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/17frusg/02142018_FR(Final).pdf
4) FRED data showed on Jan 3 2018 that the historical interbank lending went to near $0.00 and the FRED has discontinued this report that has been tracking this indicator since 1973.
5) In other words banks are no longer loaning to each other because there is a lost faith that banks loans are solvent.
6) I believe a retracement to structure will occur to the level of 18300 in the next 6 months.
https://fred.stlouisfed.org/series/IBLACBW027NBOG
7) My assessment is based on current conditions of USA all assets.
8) Globally, the market correction caused 242 trillion dollars to leave the market and there is not any clear indication that any asset classes are recovering.
9) There may be increases in numismatic gold purchases according to my resources.
7) Overall MACD is signaling short
8) I am short the DOW Jun 18K 2018 puts as insurance on my portfolio.
Comment:
DIA is poised to open 250 points to the low. This definitely caused a crossover of the 50DMA and now encroaches the 100DMA with a possible close below that value.
Comment:
DIA opens below 100DMA
Comment:
The Market is consolidated and early signs are showing a new bearish trend is in the making for 2019.
Comment:
Additional Indicators
Comment:
Since my analysis in March, this asset has had a significant turn. Fib is now at .382 retracement. While this is not an indication of a trend reversal, volatility is back with a vengeance, many traders have not seen a retracement like this in 10 years. The death cross has sprung and there are several times that show that they are short term. However, based on my real-world assessment in March and the continuation of bad policy decisions, I know believe that this will continue and the DOW will retrace to .5
4) FRED data showed on Jan 3 2018 that the historical interbank lending went to near $0.00 and the FRED has discontinued this report. The report has been tracking this indicator since 1973.