[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] We are operating with the notion that the market confirmed a large topping process on Aug 20 (the day the S&P 500 sliced and closed below 2,040 – the important support level that we highlighted for you since the Spring). The fact that global capital markets (stocks, currencies and commodities)…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] It was a historic and very wild week on Wall Street with record point moves (up and down) almost every day of the week. Typically, massive sell-offs do not recover overnight. Additionally, massive selloffs followed by record volatility normally leads to lower, not higher prices – especially when they…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] Today’s wild action warrants a special intra-week update so we are sending out a note today, instead of tomorrow. The U.S. stock market topped out last week and is now trading like a penny stock – which happens during bear markets, not bull markets. As we said in our…
[su_heading style=”modern-2-dark” size=”20″] Market Update [/su_heading] A Big Top & Markets Are Forecasting A Global Recession The damage last week was severe. The market is now on the cusp of rolling over and forming a new downtrend. We do not like to buy new stocks during a downtrend and “leadership” changes drastically during a downtrend….