Tuesday, February 14, 2012

02-15-2012 outlook and comments

In order to top (and turn down) it seems common sense - money has to quit flowing into stocks and turn down.  Can you agree with that?  So what is the Money Flow for the SPX telling us?  Take a look:

I have tried to update/refine the SPX chart:

It appears to me the 22TD cycle has topped and the Wall cycle (20 week) is at/near a top.  I expect we could be into a pullback by the end of the week or early next week.  We will see.

GL traders
Posted by at
Labels:

2 comments:

  1. jennasueFebruary 15, 2012 at 10:13 PM

    seems to be some cocky bulls buying stocks everyday, tell em to stop after 250 s/p pts they are going to get hurt and i am sick of it frankly. lol. maybe today was a start, look at AMZN and perhaps the golden AAPL say so.

    ReplyDelete
  2. InletFebruary 16, 2012 at 7:42 AM

    Jennasue - Seems to me the buying disease has spread to the banks and I think that is very dangerous. Earnings were not that great - beat lowered expectations (in many cases). Most of the indicators seem to be suggesting we are topping. APPL definitely has been a monster and is starting to show cracks.

    ReplyDelete

Subscribe to: Post Comments (Atom)