![\"\"](\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/DJIA-scotty.jpg\")
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\n\tBy Rudi Filapek-Vandyck<\/p>\n
\n\tThere simply is no two ways about it: the world has changed over the past few weeks and the TechWizard is not on the positive side of the market.<\/p>\n
\n\tIt is rather his observation that investors are increasingly becoming uncomfortable and nervous.<\/p>\n
\n\tAs such he is inclined to expect one more half-baked rally after which US equity markets will roll over and turn negative.<\/p>\n
\n\tWhy? It is his personal view that the world's financial problems will likely prove too hard to handle and that they'll come back with a vengeance and starting to impact on confidence and economic growth.<\/p>\n
\n\tHis two favourite potential scenarios are for one more high or for equities potentially carving out a nasty head-and-shoulders formation on price charts.<\/p>\n
\n\t<\/p>\n
\n\tThe big rise in the VIX volatility index, points out the Wizard, is a clear sign all is not well in today's market. In addition, he observes base metals prices have failed to recover and crude oil is finding the going tough too.<\/p>\n
\n\tOne important signal to look out for, says the Wizard, is if the Dow Jones Industrial Average would manage to post a new high, but the VIX index would not fall to a new low. This would indicate that traders do not believe the surge is real and sustainable.<\/p>\n
\n\tAll this is likely to play out over the next four to eight weeks, predicts the Wizard.<\/p>\n
\n\tA weekly close for the Dow below 9900 would seal its fate, he adds.<\/p>\n
\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au<\/p>\n","protected":false},"excerpt":{"rendered":"
It’ll only take two months -at the max- before the world will once again look a troubled place, predicts the Wizard.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[26],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56609"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=56609"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/56609\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=56609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=56609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=56609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}