Friday Jan 17 6 :45 AM PT
The markets are being kept near the Highs so that the insiders and Big Money can sell near the top.. You can see the action of the markets for the last 3 weeks. Indices have made new highs but without much conviction. Number of New Highs keeps on going down. Some Stocks make new highs but the volume keeps on going down. This is the clear sign of a market that is being distributed to retail investors.
DJI giving a Sell signal but it will try to go to previous Highs soon.
SPY No Sell signal but getting closer
DJT
QQQ
GLD Going up but volume lacking
GDX Making New Highs
NUGT Rally made a new high today. Be careful
IWM No SELL signal yet
TNA No SELL signal yet
TZA No BUY signal yet. Can go to recent lows or even lower
The markets are being kept near the Highs so that the insiders and Big Money can sell near the top.. You can see the action of the markets for the last 3 weeks. Indices have made new highs but without much conviction. Number of New Highs keeps on going down. Some Stocks make new highs but the volume keeps on going down. This is the clear sign of a market that is being distributed to retail investors.
DJI giving a Sell signal but it will try to go to previous Highs soon.
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