China falls, and the rest of the world follows…

So, China stocks fell today, and global stocks followed suit, with the exception of perhaps Australia, but they’re upside down so who knows about that situation.

Markets have taken many nosedives over the past month or so, and our portfolio reflects that. It is not pretty.

Let’s take a look at Market Breadth;

http://stockcharts.com/freecharts/candleglance.html?[BREADTH]

That’s a two-month timeframe, the six-month timeframe looks just as bad and the one-year timeframe is even worse.

All Major Market Averages shows the SMA20 below the SMA50;
http://stockcharts.com/freecharts/candleglance.html?[MARK]

Here’s a different way of looking at it;

http://stockcharts.com/freecharts/perf.php?[MARK]

The Bulls seem to be in their death throes right now;

http://stockcharts.com/freecharts/candleglance.html?[BPI]

Take a look at the Index Indicators website.

This is not a good time to invest in the market, IMHO. So, given that, I will cease all investment beginning 8/1/15 (except for dividend reinvestment for a small number of stocks). Investment will resume as soon as market conditions improve.

Our portfolio has taken quite a hit, and it is pointless to keep throwing money into this pit.

I am watching, and waiting….

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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