Death Crosses Abound
A few sectors are signaling troubles ahead, with their 50 day MA's crossing below their 200 day MA's.
This chart picture shows SPY (upper left) as a broad gauge of market action. It has yet to experience the "death cross."
However, the industrial stocks measured by XLI (upper right), materials stocks measured by XLB, and financial stocks measured by XLF have all experienced the death cross. Given their importance as a proxy for future growth, this seems to bode poorly for broader markets.
This chart picture shows SPY (upper left) as a broad gauge of market action. It has yet to experience the "death cross."
However, the industrial stocks measured by XLI (upper right), materials stocks measured by XLB, and financial stocks measured by XLF have all experienced the death cross. Given their importance as a proxy for future growth, this seems to bode poorly for broader markets.
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