XLP fell out of a 9-year trend line after printing a Head and Shoulders bearish reversal pattern. This could be a real break. XLP and XLRE are leading indicators of stock market bearishness.
Besides Energy, Consumer Staples and Real Estate are next worst stock sectors. This is what they are printing. Keep an eye in case they could be your early bear indicator. XLP and XLRE charts.
Follow up on stories published in the last two weeks: FTSE, SATS S58 and XLP. New chart ‘Is USDJPY going down from here?’
Quantitative easing is over. Quantitative tightening starts in October. These 4 charts could be signalling that Retail is the first segment to correct.
4 charts describing markets’ reaction to Kim’s hydrogen bomb test. Gold appreciates. AUDJPY and N225 falls. EWY has elements of a reversal trade.
If S&P500 continues to weaken, Real Estate (XLRE) could be next sector to tip into red. Chart pattern shows a bearish divergence and rising wedge that signals potential reversal.
Straits Times Index end-June, end-Q2 2017 performance: winners to losers shift from 27-3 in Q1 to 16-13 in Q2. This is a worsening in market breadth. In addition, charts of DAX30 and XLRE.