Thursday, April 19, 2012

Market Conditions: Trouble Brewing?

Things are getting shaky around the world, as these charts from Italy and Spain show.  There is also a very clear head & shoulder topping pattern being put in on the SPY hourly (thanks to Rick Xiphos for pointing this out).

Lastly, notice the Shiller S&P 500 P/E ratio chart.  Can you see what happened in the summers of 2010 & 2011?  Don't forget about sell in May and go away theory.


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