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Author Topic: TF (Craig Hemke) Says the S&P 500 Door is Slamming Shut!  (Read 292 times)
OROBTC
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March 01, 2016, 08:19:50 PM
Last edit: March 01, 2016, 08:30:00 PM by OROBTC
 #1

...

Craig runs the somewhat famous tfmetalsreport.com, and today released his latest chart re a dangerous cross re the S&P 500.  His thesis is that when the 6-month moving average has a bearish (ie, S&P movong down as well) cross of the 24-month moving average, then the door is slamming shut (bear market beginning) -- meaning an indicator of a large decline in stocks is upon us.  

Here is his chart from Dec 2015 when he wrote of his idea:



Well, today he updated his chart, focusing on the last five weeks or so, note a cross...:



Note he switches (reason unknown to me) the green and red colored M.A. curves (from the Dec chart to today's chart), but I think you all will see what he is trying to communicate...


I do NOT do technical analysis (or have much faith in it), but there are plenty of "market pros" who do.  Smart investors look at lots of different kinds of information.
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March 01, 2016, 08:26:23 PM
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I read a similar analysis yesterday regarding the 10 month and 20 month moving averages.

http://www.marketwatch.com/story/the-sp-500-is-close-to-flashing-a-bearish-signal-it-hasnt-displayed-since-2008-2016-02-29
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March 01, 2016, 08:29:13 PM
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Got cash and stop losses ready for this.
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