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Technically Speaking: Monthly Chart Review Yields Bearish Signals

Published Wed, 06 Mar 2019 02:36:01 -0500 on Seeking Alpha

With the month of February now officially in the books, we can take a look at our long-term monthly indicators to see what they are telling us now.
Is the bull market back? That's the answer we all want to know.
Each week on RIA PRO, we provide an update on all of the major markets for trading purposes.
However, as longer-term investors and portfolio managers, we are more interested in the overall trend of the market. While it is fundamental analysis derives "what" we buy, it is the long-term "price" analysis which determines the "when" of the buying and selling aspects of portfolio management over the long term.
For us, the best measures of the trend of the market is through longer-term weekly and monthly data. Importantly, when using longer-term data, these signals are only valid at the end of the period. It is not uncommon for signals to be triggered and reversed during the middle of the period, which creates "false" signals and poor outcomes. Since we are more interested in discerning changes to the overall "trend" of the market, we find monthly indicators, which are slow-moving, tend to reveal this more clearly.
In April of last year, I penned an article entitled "10-Reasons The Bull Market Ended," in which we discussed the yield curve, slowing economic growth, valuations, volatility, and sentiment. While volatility and sentiment have gone back into complacency, the fundamental and economic backdrop has deteriorated further. Had you heeded our warning then,... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
CORNERSTONE TOTAL RETURN FUND 11.97   0.0 0.00 2.67 22.13
AT&T 30.67   10.7 2.87 2.04 6.74
VANGUARD EXTENDED DURATION TREASURY ETF 113.88   0.0 0.00 0.00 2.92
PROSHARES ULTRAPRO SHORT S&P 500 32.07   0.0 0.00 0.00 2.77
PROSHARES ULTRASHORT S&P 500 33.66   0.0 0.00 0.00 2.08
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST 258.34   0.0 0.00 5.31 2.06
SPDR S&P 500 ETF 281.31   0.0 0.00 5.10 1.81
POWERSHARES QQQ TRUST SERIES 1 178.35   0.0 0.00 1.41 0.79
SPDR BARCLAYS CAPITAL 1-3 MONTH T-BILL ETF  

CORNERSTONE TOTAL RETURN FUND - CRF
CORNERSTONE TOTAL RETURN FUND - CRF  


Older articles featuring Cornerstone Total Return Fund (CRF):
The Modified Yield Curve And Growth Prospects Through 2019
Weekly Closed-End Fund Roundup: JQC Boosts Yield To 16%
January Yield Curve Update: Inching Closer
The Inverting Treasury Yield Curve And The S&P 500
The Yield Curve Is Not Forecasting A Recession
Gundlach: U.S. High Yield Spread Heading Into Recession
More Yielding To Yields Next Week?
Dividends By The Numbers For September 2018 And 2018-Q3
Bond Yields Climbing: Could The Chinese Weaponize U.S. Debt?
Virtus Total Return Has A 13% Distribution Yield But Trades At A 6% Discount

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