I Fund shows bearish 'Death Cross' - first major negative signal in over 2 years
International stocks ending long bullish run suggests increased caution warranted
Technical indicators point to potential continued weakness in international markets
From a technical perspective, this week the I fund gave a "Death Cross" bearish signal where its 50 day moving average crossed below its 200 day moving average. The I fund had been bullish for just over 2 years, so this is not an everyday occurrence. As such, we are going to a more cautious allocation.
From a technical perspective, this week the I fund gave a "Death Cross" bearish signal where its 50 day moving average crossed below its 200 day moving average. The I fund had been bullish for just over 2 years, so this is not an everyday occurrence. As such, we are going to a more cautious allocation.