LIVE Gold Prices $  | E-Mail Subscriptions | Update GoldSeek | GoldSeek Radio 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

COT Gold, Silver and US Dollar Index Report - May 17, 2019
By: GoldSeek.com

Gold Miners’ Q1’19 Fundamentals
By: Adam Hamilton, CPA, Zeal Research

Three safe-haven reasons to own gold
By: Richard (Rick) Mills, Ahead of the herd

Trump’s China Blunder
By: Peter Schiff, President and CEO Euro Pacific Capital

Is the Trade War a Catalyst for Gold?
By: Jordan Roy-Byrne CMT, MFTA

Bitcoin Mania Is Back! Are You Ready to Rumble?
By: Rick Ackerman, Rick's Picks

Precious Metals Update Video: Gold support around $1,282
By: Ira Epstein

Asian Metals Market Update: May-17-2019
By: Chintan Karnani, Insignia Consultants

GoldSeek Radio Nugget: Louis Navellier
By: Chris Waltzek, GoldSeek Radio

Gold: Ratio Charts Offer the Key to the Bull
By: Rambus

>
 
Search

GoldSeek Web

 
Stocks Just Triggered a Rare Weekly “Sell Signal”


 -- Published: Wednesday, 12 April 2017 | Print  | Disqus 

By Graham Summers

 

The S&P 500’s weekly MACD indicator has triggered a “sell signal.”

 

For those of you who like technical analysis, this indicator is formed by two interweaving lines.

 

The first line (usually black on the chart) is formed by subtracting the 26-week exponential moving average (EMA) from the 12-week EMA. 

 

So if the 26-week EMA is 12 and 12- week EMA is 10, the black line would be at 2 for that particular day.

 

The second line (usually red on the chart) is formed by the 9- week exponential moving average.

 

The “signals” come when the two lines connect:

 

1.    Anytime the black line breaks above the red line, it triggers a “buy” signal.

 

2.    Anytime the black line breaks below the red line, it triggers a “sell” signal.

 

The market has triggered four such readings in the last two years. Two of them preceded sharp corrections of 9+% in the span of a week or so. A third resulted in a gradual 5% grind lower. The fourth just hit.

 

http://goldseek.com/news/2017/4-12gs/image002.jpg

 

Where does this lead us?

 

A 4.7% decline would bring stocks to stub-2250 on the S&P 500. A more vicious and severe decline such as the ones that occurred in January ’15 and August ’16 would bring us to 2,125 on the S&P 500.

 

http://goldseek.com/news/2017/4-12gs/image004.jpg

 

Hope you’re ready…

 

Best Regards

 

Graham Summers

Chief Market Strategist

Phoenix Capital Research

 


| Digg This Article
 -- Published: Wednesday, 12 April 2017 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2019



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


Map

The views contained here may not represent the views of GoldSeek.com, Gold Seek LLC, its affiliates or advertisers. GoldSeek.com, Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, Gold Seek LLC, is strictly prohibited. In no event shall GoldSeek.com, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.