►►Financial Markets Observatory Lab.◀◀
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Some notes/charts about Financial Stress Indicators.
General stocks-benchmarks as follows:
► main U.S. stocks-benchmarks (charts & notes: QQQ; ONEQ; DIA; OEF; SPY);
► global U.S. stocks-benchmarks (charts & notes: EUSA; ISI; IWB; IWV; IYY; TMW);
► global World stocks-benchmarks (charts & notes: ACWI; DGT; IOO; NYSE W.L.I.; ONEF; VT).
► Previous 2011-study; previous Summation study.
In this post there are some notes about a personal curve (about in phase vs. underlyings), obtained by r-spread between NYSE Summation Indicator (Adj. format) vs. US TED spread (3mo. curve).
The key elements of the attached chart I are the followings:
I.a) from the top of 2010 we can see a descending-array of curve with high slope (red channel), except for 2012 top (white channel), in divergence vs. underlyings (negative sign);
I.b) lows of curve in 2010 are in-line vs. 2008 lows (divergence behaviour: negative sign);
I.c) lows of curve in 2010 > 2011 (divergence behaviour: negative sign);
I.d) lows of curve in 2012 < 2010 (divergence behaviour: negative sign);
I.e) actual value of curve < 0 level (negative sign);
The additional key elements of the attached chart II are the followings:
II.a) recent ema-knot very bearish (structural increase of financial stress);
II.b) full descending test of 0 level;
II.c) lows of curve in 2010 well above actual lows and 2011 lows !!! (structural divergence behaviour: negative sign);
II.d) 2011 lows about in-line with previous 2008-lows of curve (structural divergence behaviour: negative sign);
Annotations:
U.S. stocks-market shows increasing financial stress in the sequence of tops 2010/2011/2012, and in the sequence of lows 2010/2011 (compare to 2008), in divergence vs. price-evolution of underlyings.
Curve evolution now shows mid-short term important sign of financial stress increase, according to value below 0-level (chart I); for this reason there is an important alert about the full descending test of 0-level in the chart II (long-term format).
Only curve above 0-level can stop this pattern of financial stress increase inside U.S. stocks-market; the real stop of financial stress increase there will be only above the previous 2012-top !!!
Sorry for my bad English. I hope that this post is at least minimally useful.
☻/ ❖ Globo.pk, Alert 2.O !!! ❖
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Tuned on main trend, but follows short-medium term signs from underlying prices, for a correct & real-time set-up.
It is very important do not anticipate the main trend of the underlying financial instruments.
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