Dividend-News

Daily dividend news for investors in dividend stocks


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 10.97   0.0 0.00 2.80 23.26
AT&T 32.27   12.0 2.68 2.04 6.32
VANGUARD EXTENDED DURATION TREASURY ETF 121.58   0.0 0.00 0.00 2.70
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST 256.12   0.0 0.00 5.37 2.08
SPDR S&P 500 ETF 282.78   0.0 0.00 5.24 1.83
PROSHARES ULTRASHORT S&P 500 33.44   0.0 0.00 0.00 1.07
PROSHARES ULTRAPRO SHORT S&P 500 31.62   0.0 0.00 0.00 1.04
POWERSHARES QQQ TRUST SERIES 1 178.16   0.0 0.00 1.45 0.80
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):
Equity CEFs: Where's The Beef In The Delaware Dividend & Income Fund?
Of Slopes And Flops: The Yield Curve Inversion
When A Yield Curve Inversion Means Recession
Ignore The Yield Curve, They Said...
Is The U.S. Yield Curve Signaling A U.S. Recession?
Short And Sharp: Yield Curve Inversion - A False Positive?
Weekly Edge: Yield Curve Sends Mixed Signals
Why An Inverted Yield Curve Is Important
Blue, Red And Grey: Yield Curve Inversions
Market Update: Sovereign Debt And The Yield Curve

More