Stocks Need to Rally Hard Now or We Have a Top in Place

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

Best Regards

Posted by Phoenix Capital Research