{"id":110584,"date":"2017-08-08T14:09:21","date_gmt":"2017-08-08T18:09:21","guid":{"rendered":"http:\/\/countingpips.com\/?p=110584"},"modified":"2017-08-08T14:09:21","modified_gmt":"2017-08-08T18:09:21","slug":"the-divergences-are-now-appearing","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/the-divergences-are-now-appearing\/","title":{"rendered":"The Divergences Are Now Appearing!"},"content":{"rendered":"
August 8, 2017<\/div>
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By TheGoldandOilGuy.com<\/a><\/strong><\/p>\n

The loss, of the leadership of the banking and financial sector, BKX ETF, is now a major warning signal which is what is required in order to move the SPX much HIGHER, at this time!<\/p>\n

\"bank1\"<\/p>\n

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The divergence which is currently being seen between the Dow Industrials and Dow Transportation indexes will be coming into play in the upcoming weeks.<\/p>\n

\"bank2\"<\/p>\n

The U.S. dollar has declined to a 52-week low. When stocks have been at a high and the dollar at a low, historically, the SPX showed a positive return within six months to one year, almost without exception. \u00a0I see support in the 92.50 area.<\/p>\n

\"bank3\"<\/p>\n

I would expect to see a very quick \u201coversold\u201d bounce in GLD, then a correction to the 105 to 107 areas as the final \u201cwashout bottom\u201d is put into place.<\/p>\n

\"bank4\"<\/p>\n

My approach to the markets is to be flexible enough to handle the\u00a0possibilities\u00a0<\/em>of much stronger and weaker sustained trends than what we have seen in our investment lifetimes.<\/p>

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Our portfolio has outperformed the SPY by over 114% this year.\u00a0 Quite a feat when you consider the SPY is up nearly 9% this year and has almost gone straight up since January 2017.<\/p>\n

We like to ask our clients and viewers this question, \u201cisn\u2019t it time you invested in your future?\u201d.\u00a0 We would really like to help you achieve greater success and find greater opportunities in the markets, but you have to subscribe for this to happen.<\/p>\n

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Conclusion:<\/strong><\/p>\n

In short, active traders should be defensive over the next few days as we could have one more bout of selling in stocks and a spike in the vix. I feel the best plays right now will be short metals, short oil, long dollar.<\/p>\n

Stay tuned for more updates, and be sure to join our\u00a0stock picks newsletter<\/strong>, or our\u00a0ETF trading newsletter<\/strong><\/a>\u00a0for real-time trading signals.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheGoldandOilGuy.com The loss, of the leadership of the banking and financial sector, BKX ETF, is now a major warning signal which is what is required in order to move the SPX much HIGHER, at this time!   The divergence which is currently being seen between the Dow Industrials and Dow Transportation indexes will be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110584","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110584"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110584\/revisions"}],"predecessor-version":[{"id":110585,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110584\/revisions\/110585"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}