The Market Ear on some worrying signals for the bubble.
Mother of all trend lines
Does this look bullish to you? Big rejection as we tested the 200 day and the huge trend line from below. 50 crossed the 100 day, marking the “light” death cross. NDX 19k is the must hold area.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.