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.
+ 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.
+ 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
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.
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.
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.
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.
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.
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
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
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)
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)
DBS Bank (Singapore): http://donovan-ang.blogspot.sg/2014/02/dbs-3-february-2014-monday-1230am.html
HSBC Bank (U.K, Hong Kong): http://donovan-ang.blogspot.sg/2014/02/hsbc-holdings-hkse-3-january-2014.html
OCBC (Singapore): http://donovan-ang.blogspot.sg/2014/02/ocbc-bank-3-february-2014-monday-240am.html
JP Morgan (U.S): http://donovan-ang.blogspot.sg/2014/02/jp-morgan-3-february-2014-monday-757am.html
Bank of America (U.S): http://donovan-ang.blogspot.sg/2014/02/bank-of-america-3-february-2014-monday.html
JP Morgan (U.S): http://donovan-ang.blogspot.sg/2014/02/jp-morgan-3-february-2014-monday-757am.html
Bank of America (U.S): http://donovan-ang.blogspot.sg/2014/02/bank-of-america-3-february-2014-monday.html
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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