The Scariest Charts In The Markets Today!

January 12, 2016

Some very worrisome charts for investors to consider.

Stocks just took out their neckline.

Unprofitable Wall Street darling, Tesla (TSLA), which requires mountains of new debt at low interest rates to survive, has taken out its trendline.

Europe’s “canary in the coalmine” just kicked it. Spanish bank Santander (SAN) is sitting atop a mountain of garbage debt from a housing bubble that DWARFED the US's. The country might even break into multiple fragments!

The Nikkei (NIKK) has taken out its trendline. Next up is critical support:

And finally, the worst of them all:

 

If the above charts don’t scare you, you’re not paying attention.

Smart investors are preparing now.

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Graham Summers

Chief Market Strategist

Phoenix Capital Research

Graham Summers is Chief Market Strategist for Phoenix Capital Research, an independent investment research firm based in the Washington DC-metro area with clients in 56 countries around the world.

Graham’s clients include over 20,000 retail investors as well as strategists at some of the largest financial institutions in the world (Morgan Stanley, Merrill Lynch, Royal Bank of Scotland, UBS, and Raymond James to name a few). His views on business and investing has been featured in RollingStone magazine, The New York Post, CNN Money, Crain’s New York Business, the National Review, Thomson Reuters, the Glenn Beck Show and more.

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