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Wednesday, May 30
2012, 7:43 PM
Some of the old-line technical indicators are beginning to show signs of breaking down, meaning...
Some of the old-line technical indicators are beginning to show signs of breaking down, meaning it's time to high-tail it to the sidelines, says Dennis Gartman. Time-tested models like Dow Theory - where the Dow Transports failed to make new highs when the Industrials did - are pointing to a sell off and warning its time to make an exit. If you must buy, however, Gartman recommends looking at coal, shipping stocks or high dividend yielders like GE and Johnson & Johnson (JNJ). (video).