Tuesday March 29, 2016
Chicago now rated junk or near junk by all three rating agencies.
The topping process continues.
DIA versus DOG
Over the last two days a PAR SAR sell signal has been issued for DIA, note the two blue dots at top right.
Stockcharts does not offer that metric for a second index which is DOG now bottoming at lower right.
DOG
The inverse correlation is near perfect. PAR SAR issued a buy signal for DOG two days ago.
Now we wait for resolution.
The strength of the DJIA is masking the incredible weakness of international and domestic banks.
DB
DB has literally lost half its market cap in the last nine months. If this had happened in the DJIA we would be at Dow 9,000!
And MACD has just peaked at bottom and is rolling over again, geez, new lows ahead! This speaks to just how incredibly weak the
real international economy is. CS, BCS look awful as well.
Yes it is worse than you thought, DB at 2009 cfrash lows!
DB is already at the 2009 crash low! Yet optimism for the overall market remains high!
Something is terribly amiss here!
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