Is the US Stock Market Topping 2?
Is the US Stock Market Topping 2?
I don’t normally post on Fridays, but the ABM was just released, and I figured that some readers may want an update.
In “A Warning: US Stocks Topped?”, I wrote that the St Louis Fed Asset Monetary Base could give us an advanced warning of a US stock market decline. I said we needed to see two ‘consecutive declines in the AMB’.
I have placed ‘consecutive’ in parentheses because I discount small one-period rises – like the one in Figure 2. If at the next reading, I see another strong move down, I’ll treat the two declines as ‘consecutive’ despite the intervening small rally.
Let’s see if the next release throws light on the picture.
FIGURE 1 St Louis Fed AMB 2016-10-26
The post Is the US Stock Market Topping 2? appeared first on Ray Barros’ Blog for Trading Success.
Source: http://www.tradingsuccess.com/blog/us-stock-market-topping-2-4348.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).