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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).
Comments (4)
  • Ricardo Espinosa
    , contributor
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    "If you must buy", sounds like a dealer talking to a junky...
    30 May 2012, 07:55 PM Reply Like
  • James Davis
    , contributor
    Comments (185) | Send Message
     
    Sure does.
    30 May 2012, 10:35 PM Reply Like
  • jeffreychood
    , contributor
    Comments (43) | Send Message
     
    These technical indicators sound less reliable than a Ouija board. How can someone invest based on anything but value - i.e., getting more than you pay for ?
    30 May 2012, 09:12 PM Reply Like
  • SarahKnows
    , contributor
    Comments (71) | Send Message
     
    The market these days is nothing but a huckster's paradise. Pretty much don't trust any advice you can get for free on the Internet.
    31 May 2012, 12:50 AM Reply Like
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