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Demolition Derby Potpourri Stocks Charts
 September 12 2016 ​( From TradingView  )
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We have been through one of the least Volatile Market in History. As the
​market was building a trading range since the beginning of August 2016,
​it suddenly tumbled last Friday. The Active Managers were All-In and
The World Bond Market ​​​​gave Another Shot Across the Bow for SP500:
​1) Japan’s sovereign debt is suffering its worst rout in 13 years
​2) Five Sigma Event in 30-Year German Bonds
(See First Chart Below)
(More details at: Red Hot Junk and Massive Bond-Market Dislocations)
​​
Adding potential risk of a FED rate hike, it became a Molotov Cocktail...​​

​​The First big technical casualty was the False Breakout on the DJ Transportation ETF IYT, the last Bull piece missing to complete a complete perfect Bull Set Up. (See Second Chart Below - Blue Trendline - Ellipse)

Another Direct Impact from the Bond Turmoil was on the Interest Sensitive Dividend Stocks​:
1)
SDY ETF (​SPDR S&P Dividend ETF) broke a Major Support Trendline. (See Third Chart Below - Blue Trendline) 
2) ​XLU ETF (Utilities Select Sector SPDR Fund) broke also its Support Trendline. (See Fourth Chart Below)

The Technical Set Up was already calling for more Volatility; the most obvious was on the Russell 2000
ETF TWOK Steep Daily Rising Wedge​​ finally broken on the downside on Sep 9. (See Fifth Chart Below)

Adding to that Perfect Storm, the Headphone Jack Experiment from Apple left investors unconvinced; the shares of Apple tumbled to break a Major Daily Support Trendline as shown by the sixth chart below.
​​​​​
Also, High Beta Stocks which have seen more than speculation lately have been badly hurt:
1)
SOCL ETF (Global X Social Media Index ETF): Broken Rising Wedge. 7th Chart Below
​2) PSCT ETF (​PowerShares S&P SmallCap Information Technology Portfolio): Breakdown. 8th Chart Below.

I think we need to see a Consolidation from the World Bond Market to have US stocks stabilize. ​​


Demolition Derby Potpourri Stocks Charts $SPY #trading ​​​#aapl ​​​#sp500 ​​​#stocks #investing  #bonds
Japan Government Bonds 10 YR Yield ​( Daily Candles )
​US Government Bonds 10 YR Yield ​( Daily Green Line )
Germany Government Bonds 10 YR Yield ​( Daily Blue Line )
UK Government Bonds 10 YR Yield ​( Daily Yellow Line )

Financialiceberg.com
Financialiceberg.com
Dow Jones Transportation ​ETF IYT ( Daily Candles )

SDY ETF
​( SPDR S&P Dividend ETF )
​​( Daily Candles )

XLU ETF
​( Utilities Select Sector SPDR Fund )
​​( Daily Candles )

TWOK ETF
​( SPDR Russell 2000 ETF )
​​( Daily Candles )

AAPL 
​( Apple Shares )
​​( Daily Candles )

SOCL ETF 
​( Global X Social Media Index ETF )
​​( Daily Candles )

PSCT ETF
​(PowerShares S&P SmallCap
​Information Technology Portfolio )
​​( Daily Candles )