The below video is a very important subscriber flash alert detailing the dramatic technical deterioration that occurred on Thursday and Friday of last week (24th and 25th of May) not only in equities, but also in currencies and commodities – as determined by our proprietary trend signal analytics model.
Over the past 60 days we have been diligently testing and back-testing some minor calculation changes to our trend signal analytics algorithmic model with the specific purpose of improving the sensitivity of the model to allow earlier detection of new intermediate and long term signal trend signals – without sacrifice to the existing high degree of accuracy.
We are pleased to say that with testing now complete, the moderate model reconfiguration has now been applied to all key markets that we cover and as a result there have been a number of important changes to trend that you should be aware of.
The trend analytics model refinements have now also been applied to all S&P500 stocks, and on Thursday and Friday alone there were 78 NEW intermediate bearish trend signals triggered indicating that these 78 stocks have commended NEW multi-month downtrends on just these 2 days – this is a shocking technical deterioration that is not yet reflected by price.
Further, several of the of major US indexes also triggered NEW intermediate bearish trend signals on Friday as did gold – this is covered in more detail in the video below.
The key message that I would like you to take away from this video is that a massive technical deterioration is now taking place below the surface of what is relatively stable price action. And according to what we see this does not bode at all well for anything other than Treasury Bonds and the US dollar, period.