Black Swans, Hindenburg Omens—can’t at least one market indicator be called Candy and Unicorns?
MarketWatch columnist John Nyaradi warns of the recent appearance of “death crosses” in major indexes and sector funds.
“The death cross forms when the 50 Day Moving Average crosses the 200 Day Moving Average in a downward trajectory,” Nyaradi explains. “Particularly troubling is the fact that several underlying sectors are staring the death cross in the face, including technology, financials, industrials and materials. Some of the more defensive sectors, such as utilities and consumer staples are still in bullish modes. That’s something.”