By Graham Summers, MBAThe markets are bouncing today, but nothing has been resolved.The technical damage from the last few weeks has been horrific. The two most heavily weighted sectors in the S&P 500 (Tech and Healthcare) are in confirmed downtrends.Tech (XLK) has broken below its 50-DMA. It also as a sell on its weekly MACD.
It’s the same story for Healthcare (XLV).
These two sectors alone count for 40% of the S&P 500’s weighting. With both breaking down like this, the market is under significant duress. Throw in the fact that all but three sectors are in a similar situation, and we have some 85% of the market’s weighting in DOWNTRENDS.This is the kind of environment in which fireworks can hit.So… is the crisis finally here?
To determine that I use my Bear Market Trigger.If you’re unfamiliar with the Bear Market Trigger, it has caught every major bear market in the last 20+ years.I’ve identified the previous signals on the chart below. Using this trigger you’d have avoided 90% of the carnage during the Tech Bust and the Great Financial Crisis of 2008.
We came darn close to triggering this signal during the 2020 meltdown, but managed to just avoid it by the fact that stocks closed April 2020 up. Had April been a down month we would have a confirmed signal.
How does this signal work? And is it close to triggering a new signal?
To find out, you’d need to take out a trial subscription to Private Wealth Advisory (PWA).A SIX (6) MONTH subscription to Private Wealth Advisory includes:
And best of all, you can try Private Wealth Advisory for 30 days for just $9.99.
If you find it’s not what you’re looking for, just drop us a line and we’ll cancel your subscription. You won’t pay another cent!And the book, reports and ideas you collect during that time are yours to keep.Frankly, this is a ridiculous amount of material to offer for just $9.99…Heck, the book alone is worth $9.99, and you’re getting FREE shipping on it!So technically, you’re getting the Bear Market Trigger report, the weekly market updates, and the trade alerts FREE OF CHARGE.Don’t miss out on this opportunity. Because it won’t be around much longer. And you’ll regret not taking advantage of it.To lock one of the remaining slots…
The Everything Bubble is the result of over a decade of research and analysis of the financial markets and economy by noted investment analyst, Graham Summers. This book is intended for anyone who wants to understand how the US financial system truly operates as well as those interested in the Federal Reserve’s future policy responses when the Everything Bubble bursts. Learn More
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