This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
Bouraq hello again...I think pretty big news is the margin debt DECREASED by 15b to 450b.That s below January which was 451b and Febs reading of 465 b.First real warning sign of a top in the equity markets.Cheers.
Looked back over the last three years and found out this is not the first time that margin debt has fallen.In fact a couple times we had fairly large decreases two months in a row and of course the stock market has continued to rise.In those instances where margin debt decreased two months in a row,it quickly surged higher in the next 3 months.I haven t checked to see a correlation of previous 2 month margin debt contractions to corrections in the market.I ll let you know.But just on it s own,this decrease is something to watch and be aware of.Cheers.
Hi,
ReplyDeleteAre upper channels breaking and SPX moving up now? Please update
Thx
Bouraq hello again...I think pretty big news is the margin debt DECREASED by 15b to 450b.That s below January which was 451b and Febs reading of 465 b.First real warning sign of a top in the equity markets.Cheers.
ReplyDeleteThanks for the heads up. Really appreciate. It looks like a perfect topping formation at the moment.
ReplyDeleteJust posted a new one.
ReplyDeleteLooked back over the last three years and found out this is not the first time that margin debt has fallen.In fact a couple times we had fairly large decreases two months in a row and of course the stock market has continued to rise.In those instances where margin debt decreased two months in a row,it quickly surged higher in the next 3 months.I haven t checked to see a correlation of previous 2 month margin debt contractions to corrections in the market.I ll let you know.But just on it s own,this decrease is something to watch and be aware of.Cheers.
ReplyDelete