From Gold Scents:
Warning signs are starting to build. To start we have a Dow Theory non-confirmation. Usually this is a sign of distribution.
Breadth is diverging. This often happens at intermediate tops.
Emerging markets have failed to make new highs.
China, the driver of global growth appears to be in a bear market.
Read full article (with charts)...
More on stocks:
This rare divergence could mean big trouble for stocks
Why this is a great time to buy "insurance" on your stocks
Top market-timer DeMark: A BIG stock market decline is about to begin
View the original article here
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