{"id":19725,"date":"2020-02-01T06:07:00","date_gmt":"2020-02-01T06:07:00","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=19725"},"modified":"2020-02-01T06:07:00","modified_gmt":"2020-02-01T06:07:00","slug":"the-sp-500-and-plan-b","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/01\/the-sp-500-and-plan-b\/","title":{"rendered":"The S&P 500 and Plan B"},"content":{"rendered":"

The S&P 500 penetrated its rising trendline, warning of a re-test of support at 3000. But selling pressure on the Trend Index appears to be secondary.<\/p>\n

\"S&P<\/p>\n

Transport bellwether Fedex retreated below long-term support at 150 on the monthly chart \u2014 on fears of a slow-down in international trade. Follow-through below 140 would strengthen the bear signal, offering a target of 100. The bear-trend warns that economic activity is contracting.<\/p>\n

\"Fedex\"<\/p>\n

Brent crude dropped below $60\/barrel on fears of a global slow-down. Expect a test of primary support at 50.<\/p>\n

\"Brent<\/p>\n

Dow Jones – UBS Commodity Index broke primary support at 76 on the monthly chart, also anticipating a global slow-down.<\/p>\n

\"DJ-UBS<\/p>\n

South Korea’s KOSPI Index is a good barometer for global trade. Expect a re-test of primary support at 250.<\/p>\n

\"KOSPI\"<\/p>\n

While Dr Copper, another useful barometer, warns that the patient (the global economy) is in need of medical assistance.<\/p>\n

\"Copper<\/p>\n

The Fed can keep pumping Dollars into financial markets but at some point, the patient is going to stop responding. In which case you had better have a Plan B.<\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 penetrated its rising trendline, warning of a re-test of support at 3000. But selling pressure on the Trend Index appears to be secondary. Transport bellwether Fedex retreated below long-term support at 150 on the monthly chart \u2014 on fears of a slow-down in international trade. Follow-through below 140 would strengthen the bear … <\/p>\n

Continue reading “The S&P 500 and Plan B”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,43,44,3778,57,34],"tags":[495,815,1064,1362,2038,3010],"class_list":["post-19725","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-commodities-gold-commodities","category-crude-oil-natural-gas","category-international-trade","category-stock-markets","category-us-canada-countries-regions","tag-brent-crude","tag-copper","tag-dj-ubs-commodity-index","tag-fedex","tag-kospi","tag-sp-500"],"yoast_head":"\nThe S&P 500 and Plan B - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The S&P 500 and Plan B - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&P 500 penetrated its rising trendline, warning of a re-test of support at 3000. But selling pressure on the Trend Index appears to be secondary. Transport bellwether Fedex retreated below long-term support at 150 on the monthly chart \u2014 on fears of a slow-down in international trade. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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Expect a test of primary support at 50. China's largest LNG importer, state-owned CNOOC, invoked force majeure in order to get out of LNG supply contracts: Dow Jones - UBS Commodity Index broke primary\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7402,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/03\/gold-tests-key-support-level\/","url_meta":{"origin":19725,"position":1},"title":"Gold tests key support level","author":"ColinTwiggs","date":"April 3, 2013","format":false,"excerpt":"Spot gold is testing primary support at $1500 to $1550. Declining 13-week Twiggs Momentum below zero warns of a primary trend reversal. Failure of support at $1500 would confirm. The daily chart shows penetration of support at $1550. Recovery above the support level would warn of a bear trap --\u2026","rel":"","context":"In "Gold & Commodities"","block_context":{"text":"Gold & Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19004,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/09\/28\/fedex-breaks-support\/","url_meta":{"origin":19725,"position":2},"title":"Fedex breaks support","author":"Colin Twiggs","date":"September 28, 2019","format":false,"excerpt":"Bellwether transport stock Fedex (FDX) broke long-term support at 150, warning of a decline with a long-term target of 100. A down-trend on Fedex has bearish implications for the broader economy, signaling that activity is declining. We have been here before: November 2007 - Fedex Warns of Worse to Come.\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7901,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/12\/gold-and-dollar-fall\/","url_meta":{"origin":19725,"position":3},"title":"Gold and Dollar fall","author":"ColinTwiggs","date":"June 12, 2013","format":false,"excerpt":"Gold retreated below support at $1400, indicating the end of the bear rally. Expect a test of primary support at $1320\/$1340. Yesterday's long tail is evidence of short-term buying pressure, so breach of primary support is not a certainty. Respect would suggest another test of $1400. * Target calculation: 1350\u2026","rel":"","context":"In "China & HK"","block_context":{"text":"China & HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6097,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/08\/the-gold-euro-dollar-conundrum\/","url_meta":{"origin":19725,"position":4},"title":"The Gold-Euro-Dollar conundrum","author":"Colin Twiggs","date":"November 8, 2012","format":false,"excerpt":"The Euro broke support at $1.28 against the greenback (weekly chart). Respect of the descending trendline warns of a down-swing to test primary support at $1.20. Reversal of\u00a0 63-day Twiggs Momentum below zero would strengthen the signal. But the Dollar Index and Gold suggest the opposite. Recovery above $1.28 would\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6373,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/05\/weaker-commodities-threaten-down-turn\/","url_meta":{"origin":19725,"position":5},"title":"Weaker commodities threaten down-turn","author":"Colin Twiggs","date":"December 5, 2012","format":false,"excerpt":"Commodities remain weak despite the softer dollar, with the DJ-UBS Commodity Index hovering above support at 140 on the weekly chart. Breach of support would test the primary level at 125\/126, warning of a global economic down-turn. Reversal of 63-day Twiggs Momentum below zero would also suggest a down-trend. 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