{"id":59592,"date":"2012-03-02T10:54:11","date_gmt":"2012-03-01T23:54:11","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/03\/02\/dennis-gartman-exits-us-equities\/"},"modified":"2012-03-02T10:54:11","modified_gmt":"2012-03-01T23:54:11","slug":"dennis-gartman-exits-us-equities","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/03\/02\/dennis-gartman-exits-us-equities\/","title":{"rendered":"Dennis Gartman Exits US Equities"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/span><\/p>\n

\n\tDennis Gartman<\/span> is "out". Out of US equities, that is.<\/p>\n

\n\tIn his daily newsletter, The Gartman<\/span> Letter, sent to his global audience before the opening of the US session last night, the widely followed trader explains he sees increasing signals that the strong move upwards in US equities over the past few months is running out of breath.<\/p>\n

\n\tIn his own words: "It is time to exit entirely… We do not take this action lightly and we are fearful of what the markets might bring in the days ahead…"<\/p>\n

\n\tThree specific signals that should attract every trader\/investor's attention, according to Gartman<\/span>, are the fact that on Wednesday (US time) all ten equity markets that make up Gartman's<\/span> own international index closed noticeably lower on the day – a rare event, says Gartman<\/span>. Secondly, the S&P 500 future has traced out a downward reversal sign and "only the foolish" ignore such signals, Gartman<\/span> states.<\/p>\n

\n\tThirdly, the trendline<\/span> which ran along the upward move from mid-December to this week now seems under real threat. Gartman<\/span> believes a break through the trendline<\/span>, which will end the upward move, is but a matter of days.<\/p>\n

\n\t\"\"<\/p>\n

\n\tTo put Gartman's<\/span> move into the correct perspective: it is his view, as a trader of markets, that US equities remain in a "bull market" and in such an environment one only has three choices, in Gartman's<\/span> view. Either position very, very bullishly, or position bullishly,or be neutral. Gartman<\/span> has since mid-December gradually reversed his positioning from Neutral to very bullish, to bullish to now back to Neutral.<\/p>\n

\n\tMeanwhile, technical market analysts at Barclays in London point out that, historically, March tends to be a less positive month for equities across the world than January-February.<\/p>\n

\n\t\"\"<\/p>\n

\n\tTechnical limitations<\/strong><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

US based trader Dennis Gartman today exited his complete US equities portfolio and he advises his clientele to do the same.<\/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":[5],"tags":[26],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59592"}],"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=59592"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59592\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}