Earnings Video - $GRMN $DDD $MGM $CORX $LNKD $XOM $EBAY $LOCK
To view this post you must be a Silver Level Member or above.
Head and Shoulders? Sell in May and go away? Pro-Russia militants capturing and parading around western observers? These are just a few of the headwinds cropping up over the past few days, as well as the momo sell-off returning at the end of last week. Are we just in the beginning stages of a market correction? The beginnings stages of a rotation in equities from momo to value? Or is this just short term issue that is nearing it’s conclusion? Of course I think its the latter, but will not rule out the former two as well, although i think the rally over the past 2 weeks has lowered the odds of those occurring.
The (HI) projections have been run. The readings have been falling recently in spite of the rally to all time highs. Our reading hit a high in October, which coincided with some commodity based stocks topping out.
The HI currently is showing modest growth over the short run. Its readings have hit late last years support level and should recover over the next few months.