Banks are falling out by Lynette Zang. (Two new pattern shifts)
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Last October we saw a major insider selling pattern emerge, as some insider sectors avoided buying stocks even as they continued heavy selling. Since the start of the year, after a major selling spike, there is a bit of a lull the following week. But the last two weeks has seen huge spikes in selling without the following lull. We look at this every week, so time will tell if this is a trend escalation.
We may be fast approaching that time. In another PATTERN SHIFT ALERT, SIFIs have decoupled from the stock markets. In fact, Ian Harnett, managing director of global strategy at Absolute Strategy Research in London just sent out his first “Black Swan” alert since the crisis began, because of this pattern shift.
Things certainly seem to be heating up. Got Gold?