Some more charts:
1. Financials leading down:
Source: Charlie Bilello
2. Consumer Discretionary leading down:
Source: Charlie Bilello
3. Defensives outfperform:
Source: Charlie Bilello
4. Consumer staples performance relative to SP500 echoes previous peaks:
Source: AThrasher
5. Investors Intelligence sentiment leading sharp corrections:
Source: Stocktwits
6. New highs consistent with 2000 peak:
Source: J Lyons
7. Q ratio valuation now exceeds 1907 and 1929 peaks:
Source: DShort
8. Market Cap to GDP valuation also now only superseded by the 2000 mania:
Source: DShort
9. Evidence for a bubble:
Source: Market Watch
10. Tom DeMark’s indicators predict peaks in the large caps are now at hand. He says the Dow effectively peaked on December 31st and a secondary move up to a level of 16,660 will create a top for the Dow.
At this point, the number of bearish indicators I have amassed is a source of great conviction. It will be…
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