MetroPCS Communications, Inc. (PCS)

[bowonwing]

Two negative technical signals for the overall markets:
The S&P500 @1060 ($SPX), the Dow Jones Industrial Average @9742 ($INDU)
and the Wilshire 5000 Composite Index @10987 ($WLSH), technically are
all having:
1. MACD "negative divergence," and
2. A Bearish moving average crossover.
This can be seen at www.stockcharts. com and is taught at the
Chartschool at that website.
1. A MACD negative divergence is when "the security advances or moves
sideways, and the MACD declines. N.D. are probably the least common
of the three signals, but are usually the most reliable, and can warn
of an impending peak."
2. A Bearish moving average crossover "occurs when MACD declines below
its 9-day EMA (the signal line)." This is the most common signal for
MACD. (The third signal is the "Bearish Centerline Crossover.")
These two negative signals together are a powerful indication that the
overall markets have slowing momentum and should serve as an alert to
monitor the technical situation for further clues of weakness.