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Negative Divergence

Dec 20 2018

Fake-Out Breakout?

  • Dec 20, 2018

Throughout the recovery from the market’s early-2018 correction, we suggested any new high would be a good candidate for a “fake-out breakout” along the lines of those near the bull market tops of 1990, 2000, and 2007.

Dec 07 2018

Stock Market Observations

  • Dec 7, 2018

The tops of 1990, 2000, and 2007 were all better “telegraphed” by the action of the market itself, than the September 2018 peak, but secondary measures of market internals suggested all summer that the internal trend was in fact deteriorating—and so did the action in low-grade corporate bonds.