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Monday, 26 May 2014

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

Attached above is the daily chart of Ametek Inc (NYSE: AME).

+ AMETEK Inc is a quality industrial sector stock that is listed in the NYSE. It is a global manufacturer of electronic instruments and electro-mechanical devices. It is also an index component stock of the S&P 500 Index.

+ As can be seen above, Ametek has huge bearish divergences in both the RSI and MACD. There is also a bearish ascending wedge at play.

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

+ Maximum +10.000 FFA is completing and U-turning, and this had been the best performance that Ametek (S&P500 stock) can offer. 
+ Resumption of sell-off will now proceed to do further damage.
+ Financial markets are transiting to bear markets as per warned in Daily Funds Flow Analysis (Refer RED BOX region in chart above).
+ Only fools'money are constantly looking for stocks and equities to buy when risks of downside always outweigh any upsides as previously warned; this is something that has been repeatedly warned for the past 6 months with my daily FFA Analysis.
+ This is yet another S&P500 stock that is transiting to long term bearishness

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

The attached chart above shows how markets (typical of worldwide markets) had been distributing for the past almost 1 year. This is consistent with the daily funds flow analysis of the past 6-8 months.

In the case of Ametek, an industrial stock, there is a huge  stealthy distribution along the BLUE SUPPORT line with distribution nearing the end phase now. Refer Chart above.

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

Insiders and Smart Monies had already taken profits and exited the stocks-equities markets. Ametek is one of them. Refer chart above.

After profit-takings, Ametek, just like most other stocks and equities, went into shorts set-up phase. During this shorts lay out, the DOUBLE RED SUPPORT lines above further acted as support to aid the distribution to the retails and the general public.

Ametek Inc: 26 May 2014, Monday, 9.25pm Singapore Time
Chart courtesy of StockCharts.com

Finally, this is where we are with respect to the entire 30-year secular bull move (1984-2014).
At the current point, a huge sell off is awaiting to be executed.

At end of 2013, as per consistent with my daily funds flow analysis warnings, there were massive unloads at a price of 40x-50x times the start-up/IPO price of this stock (refer chart above).

Historic record-breaking sell volumes have been executed recently on bullish sentiments (Massive unload on positive sentiments). And mind you, this is not even a penny stock to warrant such a massive volume. It is a volume never ever achieved before.

A bad sell off is awaiting to be executed once this current shorts set-up have been completed.

+ This is yet another S&P500 stock that is transiting to long term bearishness and has Big Hands and Smart Monies exited and running for bomb shelter.

Donovan Norfolk Ang Technical Rating:
Highly Bearish
Short/Sell off

Related
The Great Capital Exodus from Worldwide Bank Stocks (2014)
http://donovan-ang.blogspot.sg/2014/02/ftse-st-financial-index-2-february-2014.html

RELATED: 
THE GREAT CAPITAL FLIGHT OUT OF EACH OF THESE BANK STOCKS
(Some are currently doing last ditch attempt to dead cat bounce and backtest critical support-turned-resistances)

RELATED: THE GREAT CAPITAL FLIGHT OUT OF EMERGING MARKETS:

FELLOW S&P 500 INDEX STOCKS:
http://donovan-ang.blogspot.sg/2014/05/amazon-24-may-2014-saturday-1117pm.html
http://donovan-ang.blogspot.sg/2014/05/accenture-24-may-2014-saturday-122am.html
http://donovan-ang.blogspot.sg/2014/05/ace-ltd-24-may-2014-saturday-1218am.html




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