Daily Market Wrap – Thu 22 Jun, 2017

Dana Lyons: This market rally is not as strong as you may think

We have chatted a number of times about the markets being supported by a select few stocks. Dana Lyons joins me for today’s market wrap to further outline why he thinks these markets are not as strong as one would believe. Using an internal market risk model Dana says he is seeing warning signs.

Here are a couple websites of Dana’s that you can check out.

Click download link to listen on this device: Download Show

Here is the chart of the Health Care sector from 2 days ago.

Dana LyonsCory Fleck
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  1. On June 22, 2017 at 3:37 pm,
    Ebolan says:
  2. On June 22, 2017 at 3:45 pm,
    spanky says:

    Look at the $CRB. New 40+ year low for commodities incoming.

    So much for QE causing inflation.

    The over riding trend in commodities for at least 40 years has been down. 1999-2011 was just a correction in a very long term trend.

    The real value of equities has done nothing but go up during that time, and we are at new all time highs every day.

  3. On June 22, 2017 at 3:55 pm,
    spanky says:

    The vix is headed for an extended run below 10. And why not, the stock market is officially backstopped by the USD. You have absolutely nothing to lose going all in long the stock market.

    • On June 22, 2017 at 4:45 pm,
      JohnK says:

      Try this on.
      All the chatter and charts about the rising trend of the Nasdaq is utterly nothing more than useless information.
      The five leading stocks of the Nasdaq provide no leverage,let alone an opportunity to acquire any significant wealth.

  4. On June 23, 2017 at 6:59 am,
    Dick Tracy says:

    The cobalt market is heating up. Cobalt is a critical element without this new battery technology, FCC and CSK are halted again for the second time in two days. That is what investing is all about finding the right plays at the right time before the herd smashes through. DT