Today is also the second to last day of the week, which means we are about to see a new weekly candle on the charts.
If the markets do not rally hard into the end of the week, we will end this week without a single sector is in a definitive uptrend. We have two potential uptrends (Consumer Discretionary and Financials), but everything else would be in a confirmed DOWN-trend.
This means NONE of the market would be in a confirmed uptrend and a full 76% of the market would in a DOWN-trend.
| Sector | Symbol | Uptrend? | Weighting |
| Technology | XLK | No | 27.60% |
| Health Care | XLV | No | 13.50% |
| Consumer Discretionary | XLY | Maybe | 12.70% |
| Communication Services | XLC | No | 10.80% |
| Financials | XLF | Maybe | 10.40% |
| Industrials | XLI | No | 8.40% |
| Consumer Staples | XLP | No | 6.50% |
| Utilities | XLU | No | 2.80% |
| Materials | XLB | No | 2.60% |
| Real Estate | XLRE | No | 2.40% |
| Energy | XLE | No | 2.30% |
| In Uptrend | 0.00% | ||
| Counting Maybes | 23.10% |
This is the kind of environment in which real FIREWORKS can hit. Indeed, the below chart needs no explanation.
This has many investors asking themselves, “ is a crash about to hit?”
To figure this out, I rely on certain key signals that flash before every market crash.
I detail them, along with what they’re currently saying about the market today in a Special Investment Report How to Predict a Crash.
To pick up a free copy, swing by
https://phoenixcapitalmarketing.com/predictcrash.html
Best Regards
