Short Term Trading Member Forum

[techcharter]

I'm seeing cracks.

RUT broke 4+ month support line sharply and closed below the 50 DMA on good volume.

http://stockcharts.com/h-sc/ui?s=%24RUT&p=D&yr=0&mn=10&dy=0&id=p61873957610

INDU failed to make a new high (by 1/2%) with SPX last Friday, and has been trading along the 50 DMA

The SPX has also been trading along the 50 DMA. During the choppy April rally volume on down days was greater than volume on up days.

AAPL looks like it had a post triangle pop and reversal.

WMT has been in decline since it topped in early January 2015. Lately the chart is showing more waterfall characteristics.

LMT has been in waterfall mode the last month, and closed just short of the 200 DMA today.

I'm seeing hints of solvency problems in the banking sector. Yields on Italian and Spanish 10 yr gov't bonds popped ~10% yesterday. Yet their yields are still less than that of US 10 yr bonds. This was after forming a base for a couple of months. In the US, a handful of banks are offering 5 year jumbo CD's yielding more than a 10 yr US gov't bond. You may have seen one of their ads on other financial sites.