JC Parets is one of the best Technical Analysts out there today. There are many good ones, but what separates JC from the crowd is his ability to communicate the most important and impactful aspects of Technical Analysis. He is a thought leader that sticks to the basics, incorporating Occam’s Razor when communicating his investment theses. And as always, his Intermarket analysis is strong. Enjoy his evidence on why lower stock prices are likely (Click below). Tomorrow, 360 Investment Research will take a crack at identifying some downside targets… or should we be looking for upside targets? Check back tomorrow.
With Small Caps and Mid Caps looking increasingly weak, not to mention stock markets across the globe (FTSE, DAX, CAC), we’re keeping a close eye on the S&P 500’s price action. If this major US index does not hold/bounce from this level, the next area of support would be around 1900, a confluence of previous resistance (now turned support) and a parallel trend line running from the November 2012 low. Monitor this situation closely, curious investor. Price tells us everything.