Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

The Lead-Lag Report: October Correction Warning

By

Market internals have markedly deteriorated, as the odds increase for an October correction. Beware the message of the bear trade.

PrintPRINT

Small-Caps (NYSEARCA:SLY) – Broken



Comments: Small-caps appear to have broken their trend in the very near-term as money positioned defensively into the end of the third quarter. It appears money is beginning to favor more overseas investments rather than domestic beta in the here and now.

Technology (NYSEARCA:XLK) – Broken



Comments: Despite continued hype and excitement over Apple (NASDAQ:AAPL), the technology sector appears to be in the early stages of weakness as it rolls over relative to the S&P 500. The sector's strength appears very much broken in the near-term

Conclusion

Market internals have been deteriorating meaningfully in recent days. The odds of a correction appear to be increasing, but it is not clear just yet how severe a decline could be. Caution in the very near term likely remains warranted.

Twitter: @pensionpartners
No positions in stocks mentioned.

This writing is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction, or as an offer to provide advisory or other services by Pension Partners, LLC in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Pension Partners, LLC expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE