Bull Markets Pronounced Dead In Headlines Well Before the Fact

A nominal bull market will be pronounced dead in the headlines well before the fact. Equity rallies, like humans, tend to show signs of aging before they die. Negative divergences such as price relative to internal market strength often reflect an aging market. The most recent aging signal was generated in 2007.

NYSE Composition and Internal Market Strength Indicators:


Headline: Dos Hombres: Is the Party Over?

Matt Nesto and I hit the Breakout set with a head of steam this morning, fueled by Monday mergers and market tops.

Source: finance.yahoo.com