Guppy Charts: Indices in Downtrends; UUP; The Last General.

Here are the weekly Guppy Multiple Moving Average charts of the indices. The message is clear that the new trend is down.

The Nasdaq is switching from long-term uptrend to downtrend, while the US dollar is in an uptrend:

China & Canada, both well into downtrends:

The last of the leading all-time high stocks remaining in a solid uptrend, NRGP:

I'm not sure how much longer NRGP can defy gravity when the rest of its cohort looks like this:

As they say, "don't fight the tape". There's money to be made on the way up and on the way down! Just look at MED's chart and go back through the blog archives, the signs were there to be seen: stay long when it kept making all-time highs every week (and several 100% gains could be made); get out when it struggled; and then get short when the trends reversed. It won't always work out as textbook as this, but money can be made by "listening to the message of the market" (in the words of Brian Shannon of Alphatrends).