Loading ...A Favorite Stock Market Canary
One of my favorite stock market canaries, is an obscure stock, that is useful for one particular scenario. It is a great tell, IF the stock market is on the verge of a crash. The chart says it is possible soon. I expect it to fill a gap at around 618. If it does, and starts to drop precipitously over the next few days, the likelihood of the rest of the market following is quite high. It probably won’t, given we just had a crash in March 2020 and they don’t usually happen so close together. Given the fact of the unusual set up and over valued market, it is still possible and I am watching closely, to see if it plays out? The canary is TDG. 
Gap filled. Could still get to the 200 day near 623 without breaking the downtrend. Key from here is if it falls sharply going forward.
Great post, Sir CM.
I really really appreciate that you keep posting about the markets on this forum! Because there are many many other pressing matters, whose importance cannot be denied!
Something tells me that even though yesterday’s rally has had follow through today with higher low and may be a higher close (50 minutes to go into close), some vicious event is going to happen tomorrow or before Friday … I’m still riding AAPL’s new all time high, holding with an average cost of USD 133 per share
I had never heard of TDG before, so good to watch a relatively unknown name, as all other well known (mostly big high market cap tech) names are not recovering as much as the Dow is (which is very very hard to interpret, but is another TELL)
GL