Topic: TF (Craig Hemke) Says the S&P 500 Door is Slamming Shut! (Read 405 times)
Got cash and stop losses ready for this.
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
http://www.marketwatch.com/story/the-sp-500-is-close-to-flashing-a-bearish-signal-it-hasnt-displayed-since-2008-2016-02-29
...
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.
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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