As every investor and analyst is cheering the earnings from Apple Inc. (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), Amazon, Inc.(NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOGL), there is a market barometer that is giving me caution. By nature I am a contarian when it comes to investing. History has shown me when everyone else is bullish, it is best to be careful. The best example of this was in 2007. Every average investor was bullish just as the financial crisis began to peak its ugly head out. The same thing happened in the tech bubble that topped in the year 2000. By no means am I  calling for a epic market decline, but more just to be wary when the euphoria hits.

The sector that has me concerned is the financial plays, specifically from Europe. These have been a leading indicator of market downside for years and while no one has been watching, stocks like Deutsche Bank AG (NYSE:DB) have fallen consistently over the last few days whlie the markets have chopped sideways. In the last five trading  days Deutsche Bank has fallen over 10%. While not a huge flashing red light yet, it is something that should be watching in the next few days.

Jenny Rebekka