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US Equities Topping Out

Jan. 28, 2014 1:05 AM ETVGK, SPY, DIA, XLB
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Gold, Currencies, ETF investing, Macro

Seeking Alpha Analyst Since 2010

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US Equities appear to be putting in a long-term top. This is evident if we look at the monthly FTSE100 (VGK) chart, which US equities correlate with, and the US Materials Select Sector (XLB), which is a component index of the SP500 (SPY). Both are at monthly timeframe long-term resistance. After that, look at the Dow (DIA) correlation from the current Dow, to the Dow from 1928-1930.


US Materials Select Sector

Dow Correlations

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