Price Technicals Still Bad

BaseOp2 has looked at the overall interventionist efforts by central governments to preserve and protect debt as the reason to make the 'buyside' the strategic play. However, the particular technical data mined by QRiskValue is continuing to portray a gloomy price construct where technical stocks seem particularly bloated by a blind faith that they are immune from the money problems of the world. These price technicals are awful and seem to claim a serious downside move will engulf equity markets if any hitch in the broad rescue efforts by the collective world financial players fails to materialize. Even worse, they may be saying a sell off in inevitable regardless of the current efforts to repair economies. The S&P 500 is less worrisome on the downside but only when playing a spread between the NQ 100.