Negative Stock-Market Divergence: Scary Stuff
Nicholas Santiago | Apr 03, 2013 01:59PM ET
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. (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.
Institutional Outflow
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. Take the seven day free trial to the Research Center. Join the elite pros and get swing trade alerts, proprietary strategies, daily videos and market reports. Start today and profit for life.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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