{"id":61412,"date":"2013-03-01T13:12:33","date_gmt":"2013-03-01T02:12:33","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/03\/01\/correction-time-for-us-equities\/"},"modified":"2013-03-01T13:12:33","modified_gmt":"2013-03-01T02:12:33","slug":"correction-time-for-us-equities","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/03\/01\/correction-time-for-us-equities\/","title":{"rendered":"Correction Time For US Equities?"},"content":{"rendered":"

\n\tIt has been a long, relentless rally upwards and along the way experts have either changed their bearish views or continued calling for a well-deserved market correction. Samuel Beckett, the author of En Attendant Godot<\/span> (Waiting for Godot<\/span>), has been wearing a big smile from up above.<\/p>\n

\n\tHowever, today (Friday, the first trading day of March) the TechWizard's<\/span> proprietary trading system has pinged up a so-called DP Sell Signal. Time for a correction warning? The Wizard certainly seems to think so.<\/p>\n

\n\tIt is his observation the sell signal comes at a time of divergence on the MACD<\/span>. This, reports the Wizard, is signalling<\/span> that all is not well with the Dow Jones Industrial Average.<\/p>\n

\n\tThe Wizard is not mincing his words: expect a correction of at least a few hundred points, he warns.<\/p>\n

\n\tThe Wizard will be watching closely trading action in US equities tonight. He says it may well be today's market action will determine the direction for global risk assets for the next few weeks.<\/p>\n

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

\n\tThe TechWizard<\/span> 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. All views expressed are the TechWizard's<\/span>, not by association FNArena's<\/span> (see our disclaimer).<\/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":"

The TechWizard believes a correction is on the cards for the Dow Jones Industrial Average.<\/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\/61412"}],"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=61412"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61412\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}