We have updated our privacy policy and terms & conditions. Find out more here.
5
 

Negative Stock-Market Divergence: Scary Stuff

By Apr 03, 2013 05:59PM GMT Add a Comment
 
AA
+
-

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. (JPM), Goldman Sachs Group, Inc. (GS), Wells Fargo & Co. (WFC), Morgan Stanley (MS) and Bank of America Corp. (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.

Goldman Sachs Group, Inc.
Goldman Sachs Group, Inc.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Bank Of America
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg