- Large-Cap Growth -.60%
- 1) Oil Tankers -1.66% 2) Homebuilders -1.01% 3) I-Banks -.85%
- TNAV, DK, LFC, SNFCA, GOV, SHOS, EVER, HMIN, PWRD, AMED, AVG, AAXJ, SLCA, RP, BAM, BVSN, DK, DMND, ESC, AMBA, RHT, ABG, APEI, AKAM, YNDX, CDNS, BIP, GLPW, YY, GES, EXAS and SLCA
- 1) EFA 2) JNK 3) YUM 4) UAL 5) NKE
- 1) GS 2) CVS 3) GM 4) AB 5) F
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The bear market of all time commenced on Tuesday March 12, 2013, as the Emerging Markets, EEM, traded lower, being led so India Banks, HDB, and IBN, turning India Earnings, EPI, lower, and also Brazil Banks ITUB and BSBR, turning Brazil Financials, BRAF, lower, introducing a global bear stock market, with confirmation coming from the ratio of Closed End Equity, CSQ, relative to Closed End Debt, PFL, that is CSQ:PFL, trading lower, indicating that stocks are unable to leverage higher on debt.
It is the dividend yielding Emerging Market Infrastructure Stocks, EMIF, as well as the Emerging market Small Cap Dividend Stocks, DGS, that are the canaries, in the global stock market coal mine, trading lower that are warning investors to get out, and get out now.
Confirmation of a global bear stock market also comes from five other indicators.
First, the ratio of Small Cap Pure Value Stocks, RZV, relative to Small Cap Pure Growth Stocks, RZG, that is RZV:RZG, traded lower, indicating that the demand for currencies is starting to lessen. It has been the Small Cap Pure Value Stocks, RZV, rising up 23.4%, in the last year, compared to the Small Cap Pure Growth Stocks, RZG, rising only 16.9%, in the last year that have been at the forefront of a nine month risk-on, toxic debt based, yen carry trade, global stock rally. Notable Small Cap Value Shares trading lower included NICK, NLS, BC, MDSO, and MGI.
Second, the Leveraged Buyouts, PSP, a measure of risk investment, and North American Energy Partnerships, EMLP, a popular yield bering investment, traded lower at the top of an ascending wedge stock pattern. The high yielding Mortgage REITS, REM, such as TWO, rose in what is likely to turn out to be short sell covering.
Three, the chart of the EUR/JPY shows a trade lower from yesterday’s Monday March 11, 2013 close at 125.45, to finish lower at 124.83 today.
Four, both the Risk On ETN, ONN, and the Optimized Carry Trade ETN, ICI, traded higher, in what may turn out to be short sell covering.
Five, yield bearing investments, that is dividend stocks, traded lower; these include Dividend Growth, VIG, and Utilities, XLU.
Nation Investment, EFA, and Small Cap Nation Investment, SCZ, traded lower today indicating that Nation Investment is no longer profitable. South Korea, EWY, Italy, EWI, Japan, EWJ, Japan SmallCaps, JSC, Russia, RXS, Russia Small Caps, ERUS, Shanghai, CAF, Hong Kong, EWH, Hong Kong Small Caps, EWHS, China YAO, China Industrials, CHII, China Small Caps, ECNS, and China Financials, CHIX, traded lower.
And investment in Global Producers, FXR, is no longer profitable either, as its chart shows a massive dark cloud covering candlestick at the top of an ascending wedge pattern. Automobile Producers, CARZ, and Homebuilders, ITB, were the sectors trading lower today. Notable global producers trading lower include Illinois Tool Works, ITW, Rockwell Automation, ROK, International Paper, Budweiser, BUD, Companhia de Bebidas Das Americas, ABV, Apple, AAPL, Oracle, ORCL, Time Warner, TWX, Liberty Global, LBTYA, Comcast, CMCSA, and Disney, DIS. Of note, Samsung Electronics, SAMELT, a South Korea based global manufacturing leader, is trading four percent lower from its February 25, 2013, rally high.
Of note, World Banks, IXG, traded lower, with South Korea’s WF, and KB, notable fallers. And the Too Big To Fail Banks, RWW, manifested a massive dark cloud covering candlestick, suggesting a soon trade lower.
World Stock, VT, traded 0.51% lower; and Bonds, BND, traded 0.19% higher today.
The S&P 500, $SPX, traded by SPY, traded 0.2%, lower today.
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