MARKET RISK SEEN IN BREADTH, SMALL CAPS & MONEY SUPPLY GROWTH
The charts are showing larger and growing Bearish Divergences between the major stock averages and their 10-day average Advance / Decline Line Indicators and their Demand Power measures. These are getting pretty significant. The larger and longer they go on, the deeper and longer the subsequent decline will be. This is telling us that there is less and less participation in the rally from December 2018, a precursor to a sell-off.
Additionally,
1- Breadth is starting to fade and yesterday was an outside day closing lower...
2- Small Caps suffered on the week as Trannies and The Dow managed gains ahead of the long weekend...
This was the 2nd worst week for Small Caps relative to Mega Caps in 5 months...
3- It also appears that Global Money Supply which has clearly driven the markets since the December 2018 lows has TEMPORARILY plateaued. Stocks may take this "pressure relief" as an opportunity to consolidate at lower levels of support.
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MATASII RESEARCH ANALYSIS & SYNTHESIS WAS SOURCED FROM:
ABSTRACTED FROM: 04-18-19 - - "Trump Pumps, Dow Jumps, Small Caps Slump, Healthcare Dumps"
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