www.technicalindicatorindex.
Today's U.S. Blue Chip Stock Market Comments:
Stocks were down slightly Tuesday, December 17th, generating a fifth Hindenburg Omen observation within the past month. This means there remains a fragile uncertainty to the stock market, and tells us there is a greater than random possibility of a severe stock market decline some time over the next four months. It is possible that this H.O. is seeing the conclusion of the Jaws of Death pattern.
The McClellan Oscillator had a very small change Tuesday, suggesting a large move in stocks is likely over the next few days. The McClellan Oscillator Summation Index dropped below the positive + 1,000 threshold level where stock market plunges can occur, validating the H.O.'s warning that the stock market is in a dangerous state at this time. However, again, because of the current strong seasonally bullish period of time, and the VIX Buy signal, it is very unlikely any stock market plunges are imminent.
No hay comentarios:
Publicar un comentario