Wednesday, September 11, 2013

SPDR S&P 500 ETF Trust (SPY): 3 Indicators That Signaled The 2007 Top: They're Back - Seeking Alpha

SPDR S&P 500 ETF Trust (SPY): 3 Indicators That Signaled The 2007 Top: They're Back - Seeking Alpha

This is an outstanding article on three stock market top indicators.  The advance/decline line and the money supply indicators are especially convincing.  The copper indicator is not always reliable.  One reason is that the Chinese economy has turned around during the latest PMI reading, and this means that China will probably be using a lot of copper in the future.  So, if the stock market falls, copper may not fall with it.  We still have a stock picker's market right now, but it would be wise for a person to pay attention if other bear indicators show up.

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