Rarely in my 45 years of trading, have I seen
a more ambiguous situation, and disarming situation.
The stock market has SUBSTANTIAL TECHNICAL RISK,
in the current patterns in the US Stock Market,
Dow, S+P, Nasdaq, and Russell 2000
Over 50 % of the stocks in the S+P 500, get that..
are ALREADY in Bear Markets, down 20 % from their all time highs.
That's over 250 stocks, out of the 500 in the S=P 500 !
More ominously as I have been telling you here, every step of the way down,
BANK STOCKS are now faltering badly. Stocks like Bank of America + Citigroup
are in Bear Markets, which should be an ALARM BELL to any casual observer.
But it really isn't....yet.
Even though VIX prices continued their multi week stay above 20,
there is a discernible LACK of PANIC associated with this decline !
There are even highly educated minds
STILL thinking the stock market will make new highs some time next year.
As if this is the punishment that needs to happen first..,BEFORE
the new years rally can begin on cue. Simply amazing.
I cannot really believe the LACK OF FEAR embedded in the market at the close of the week.
Its almost as if investor's/ and traders believe that this will all be over soon.
My own take on the market,
obvious to anyone who has been reading my columns on tradingview.com this year,
is that we are on the edge.. and getting closer every day,
to a stock market event.. like most have not seen in their lifetimes.
Looking back after an event, everyone had time to get out.
Yet they chose to ignore the warnings.
The RISK in the market at these levels is SUBSTANTIAL.
Parabolic breakdowns of paper assets, STOCKS is already on full throttle.
So I will leave it up to you this weekend, to control you own fate.
I am secure that I have done the necessary steps to protect my own financial safety.
I am inherently a cautious man about safe guarding my own security.
My advise to readers of this article this weekend,
is to prepare yourself, for the unexpected.
The risk of a stock market CRASH
although to most naysayers NOT POSSIBLE
is unfortunately VERY REAL,and ever present.
,Don't be one of those who will simply ignore it,
until well after, its too late.
THE_UNWIND
12/14/18
NEW YORK
a more ambiguous situation, and disarming situation.
The stock market has SUBSTANTIAL TECHNICAL RISK,
in the current patterns in the US Stock Market,
Dow, S+P, Nasdaq, and Russell 2000
Over 50 % of the stocks in the S+P 500, get that..
are ALREADY in Bear Markets, down 20 % from their all time highs.
That's over 250 stocks, out of the 500 in the S=P 500 !
More ominously as I have been telling you here, every step of the way down,
BANK STOCKS are now faltering badly. Stocks like Bank of America + Citigroup
are in Bear Markets, which should be an ALARM BELL to any casual observer.
But it really isn't....yet.
Even though VIX prices continued their multi week stay above 20,
there is a discernible LACK of PANIC associated with this decline !
There are even highly educated minds
STILL thinking the stock market will make new highs some time next year.
As if this is the punishment that needs to happen first..,BEFORE
the new years rally can begin on cue. Simply amazing.
I cannot really believe the LACK OF FEAR embedded in the market at the close of the week.
Its almost as if investor's/ and traders believe that this will all be over soon.
My own take on the market,
obvious to anyone who has been reading my columns on tradingview.com this year,
is that we are on the edge.. and getting closer every day,
to a stock market event.. like most have not seen in their lifetimes.
Looking back after an event, everyone had time to get out.
Yet they chose to ignore the warnings.
The RISK in the market at these levels is SUBSTANTIAL.
Parabolic breakdowns of paper assets, STOCKS is already on full throttle.
So I will leave it up to you this weekend, to control you own fate.
I am secure that I have done the necessary steps to protect my own financial safety.
I am inherently a cautious man about safe guarding my own security.
My advise to readers of this article this weekend,
is to prepare yourself, for the unexpected.
The risk of a stock market CRASH
although to most naysayers NOT POSSIBLE
is unfortunately VERY REAL,and ever present.
,Don't be one of those who will simply ignore it,
until well after, its too late.
THE_UNWIND
12/14/18
NEW YORK