Friday, November 22, 2013

3 Ominous Bear Market Signals [PowerShares QQQ Trust, Series 1 (ETF), Financial Select Sector SPDR (ETF), iShares MSCI Emerging Markets Indx (ETF), iShares Barclays 20+ Yr Treas.Bond (ETF), Vanguard Total Stock Market ETF] - Seeking Alpha

3 Ominous Bear Market Signals [PowerShares QQQ Trust, Series 1 (ETF), Financial Select Sector SPDR (ETF), iShares MSCI Emerging Markets Indx (ETF), iShares Barclays 20+ Yr Treas.Bond (ETF), Vanguard Total Stock Market ETF] - Seeking Alpha

Chris Ciovacco has written an excellent article on how to tell if we are on the verge of a bear market.  A lot of people think we are at a stock market top including me.  However, the stock market can keep going higher a lot longer than you might imagine.  Chris gave three reasons why 2013 is different from 2000 and 2007.  Market momentum as indicated by the MACD is still up.  Market breadth of new highs is still good.  Then, thirdly, junk bonds as indicated by JNK are still preferred over treasury bonds like TLT.  So, my hat is off to Chris for making a convincing case for being in the stock market right now.

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