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