1999 & 2007 message being sent again by this leading indicator?
The Pimco High Yield fund broke long-term support and its 200MA lines back in 1999 and 2007, sending a cautious risk management signal, prior to broad stock market declines.
Now the fund is breaking a 3-year support line and its 200MA at the same time. Is this high yield fund suggesting something is brewing in the bigger picture???
Check us out ….Kimble Charting Solutions
Triple Top in this Value Index, followed by a break of support?
"Its not the odds of an event coming true that is important…its the impact if it does!!!"
The odds may be low this is a triple top (nothing proven at this time)….yet if it is, the impact could become important.
Stay tuned to see where this Value Line Index heads from here!!!
Check us out here… Kimble Charting Solutions
Is Europe reaching a “Tipping Point?” Impact the states???
Three popular stock index’s in Europe are giving multi-year rising support a heck of a test of late! Each index may have created a rising wedge, which two-thirds of the time suggest lower prices are ahead.
Argentina and its potential default of debt seems to be in the news this morning. In my humble opinion what Europe does from here is a little more important!
IF….If Europe is reaching a “tipping point” this price action very well could ripple into the S&P 500. Europe did similar action in 2000 & 2007….stay tuned!!!
Check us out at Kimble Charting Solutions
Mining stocks could blast off if these “breakdowns” take place!
The NYSE/GDXJ ratio (upper left chart) may have created a Head & Shoulders top with a test of its neckline taking place right now. A break of this line would reflect strength in miners compared to the broad markets.
The GDX/GDXJ ratio (lower right chart) may have created another similar topping pattern. If this ratio breaks support, it would reflect that Junior miners are stronger than seniors. This usually would be bullish for both miners if it happens.
Bottom line…If support gives way and these ratios break down….miners should do very well. Keeping a close eye on the necklines above!