TIP off...
Just want to show an anomaly observed here... sort of a tip off on what is most likely to happen.
You see, I read Russell Napier's Anatomy of the Bear back in 2009 (not easy to get it as it is out of print!), and he describes TIP as one of the/a leading indicator ahead of the equity market.
Superimposed on the TIP daily chart is the SPY (blue line), NASDAQ (cyan line).
You can see that it does lead the SPY and NASDAQ.
However, there is a deviation from the pattern since two weeks ago. TIP has been falling hard, and the technical indicators are all bearish no doubt; but the SPY has been cranking upwards, furthermore so the NASDAQ.
So, here is the deal... either TIP rockets back up, or the equity markets dive down.
Which would it be, you think???
You see, I read Russell Napier's Anatomy of the Bear back in 2009 (not easy to get it as it is out of print!), and he describes TIP as one of the/a leading indicator ahead of the equity market.
Superimposed on the TIP daily chart is the SPY (blue line), NASDAQ (cyan line).
You can see that it does lead the SPY and NASDAQ.
However, there is a deviation from the pattern since two weeks ago. TIP has been falling hard, and the technical indicators are all bearish no doubt; but the SPY has been cranking upwards, furthermore so the NASDAQ.
So, here is the deal... either TIP rockets back up, or the equity markets dive down.
Which would it be, you think???
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