Indicators the Disciplined Investor is Watching March 29
It’s Monday morning, and that means it’s time for another “Indicators the Disciplined Investor is Watching” post to start our week from Andrew Horowitz – with this week’s update being titled:
“Banking Index Flashes Gravestone Doji”
Andrew starts the update by discussing “junk” high-yield bonds and then moves to discuss the Baltic Dry Index.
In addition to sharing charts of volume and internals – one of my favorite topics – he moves to update the broader markets, including the “gravestone doji” (sell signal) on the Banking Index.
Andrew concludes:
“Several other indicators are also providing a break in the bullish sentiment and should be observed going into the “lull” before the next earnings season kicks off in a few weeks.”
Thanks as always for providing these quick updates!
Corey Rosenbloom, CMT