Three Quick Charts Underscore How Bad 2016 Has Been

Jan 20, 2016: 12:59 PM CST

As we focus on the US Stock Market, let’s pull the perspective back.

Let’s focus for a moment on three intraday charts – and powerfully persistent trends – that underscore how powerful the price movements of 2016 has been.

Combine these three charts together in your mind:

The @ES (S&P 500) and @CL (Crude Oil) Markets have been in literal collapse.

No meaningful bounce/rally has occurred and certainly there’s been no reversal against these powerful trends.

The S&P 500 is down over 10% in over two weeks while Crude Oil has collapsed further, falling roughly 30%.

It’s a large-scale “Risk-Off” Money Flow movement that has been relentless.

There’s one more chart that underscores the damage and money flow:

The TLT (or IEF as well) US Treasury Bond ETF has surged from the $120.00 per share level to the current $128.00 upside price.

We’ve been forecasting and updating members about these movements and so far the planning has been correct, though price has achieved these targets sooner than expected.

Bonds (Treasuries) tend to surge during large-scale “Risk-Off” or protective movements and we’re seeing the ongoing textbook money-flow movement.

Even if you just trade (or follow) stocks, be sure to broaden your perspective to related markets for additional clues.

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Corey Rosenbloom, CMT
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3 Responses to “Three Quick Charts Underscore How Bad 2016 Has Been”

  1. Darrell Hale Says:

    Absolutely correct. Especially in regards to the crude oil markets.

    Although it’s been in a free fall, opportunity is endless. This is one of those times you come in, just hit a bid and log off, lol. Come back to see how much money you made. Btw, VERY nice blog glad I found it. I’m new to this whole blogging thing.

  2. Three Charts: Witness the Powerful Price Movements of 2016 - MoneyShow Says:

    […] To see the final chart and read the entire article click here… […]

  3. Vikram Says:

    At the moment the market seems to be in neutral trend and that’s why we need to be careful when to enter or else we could be facing losses. I always prefer to go with strict money management and solid planning, I am able to get great help from OctaFX broker through their 50% bonus on deposit which is also use able, so that really helps me working smooth and helps so much to drop down on pressure and able to work with ease.