We can see stocks like PG, JNJ, and KR have been climbing.
And then we have AMZN in the gutter...
That actually could be considered as a bad sign, the rotation into
Defensive plays, and when we look at GS, it's been dropping in the past month,
Along with banks XLF and KRE.
This is usually NOT what happens when expansion in the economy is expected.
When does the debt bomb hit and when can we expect payments on debts to be demanded.
A closer look at HD and we might have a double top there.
Healthcare continues to climb...
Very possible H&S on XLE and also XOP, XLU, and $TRAN not looking great...
Thank you current administration for creating such a clusterf...
Back to banks... Back to the staples outperforming the discretionary stocks...
Possibly in anticipation of the tapering and we do have Jackson Hole, which could cause a liquidation break.
All in all, we're trying to anticipate where we're going to go over the next 2+ weeks, and profit from it.
A one or 2 day bounce doesn't fix everything. It doesn't completely eliminate the ominous signs.
Signs like the Fed and central bankers have cornered themselves,
So much has now become dependent on stimulus,
Debt payments have to be started back up at some point, which will shackle expansion, discretionary spending, and earnings...
And we're here at valuations at one of the highest points in history...
Yeah.... Nothing to worry about at all.
