InTheMoneyStocks'  Instablog

InTheMoneyStocks
Send Message
  • Negative Stock Market Divergence: Scary Stuff 0 comments
    Apr 3, 2013 1:18 PM

    I wrote about this not long ago but it is worth noting again. The negative divergences on the financial stocks is something that is scarier than a naked 90 year old witch on Halloween. Stocks like JPMorgan Chase & Co. (NYSE:JPM), Goldman Sachs Group, Inc. (NYSE:GS), Wells Fargo & Co(NYSE:WFC), Morgan Stanley (NYSE:MS) and Bank of America Corp (NYSE:BAC) all put in a major pivot top weeks ago. While the S&P 500 squeaked out a new all time closing high, these stocks continue to fall lower.

    Something is amiss in the markets. While retail money continues to flow in, distribution has increased from institutions. Distribution is a term used to describe institutional selling into the average investor buying.

    Gareth Soloway
    InTheMoneyStocks.com

Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • And he just closed out another one, $DUST for +7.55% in the Research Center... inthemoneystocks.com/investor.
    Jul 20, 2016
  • Gareth sold his $JDST in the Research Center here: http://bit.ly/ActiveInvestor. Profit earned = +12.5%. Congrats members!
    Jul 20, 2016
  • $IWM negative already on the day. Small cap warning signal?
    Jul 20, 2016
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.