The market is completing a-b-c counter trend rally which started 10 days ago. When this rally is over , we will have biggest decline in the last few years. It should take averages to new lows.
The bullish sentiment is at an extreme and cash with mutual funds is at record lows seen near the highs.
Insiders are distributing shares to retail investors near the highs.
Gold and Silver are consolidating before they go up sharply in 3rd step up.
Oil had a sharp decline yesterday nd wil continue to go lower below $40. First Quarter earnings will be poor for most stocks.
Spy
DJI
IWM
TNA
XLE
ERX
DGAZ
UVXY
GLD
SLV Divergence between Gold & Silver should resolve on the upside
NUGT
USLV
The bullish sentiment is at an extreme and cash with mutual funds is at record lows seen near the highs.
Insiders are distributing shares to retail investors near the highs.
Gold and Silver are consolidating before they go up sharply in 3rd step up.
Oil had a sharp decline yesterday nd wil continue to go lower below $40. First Quarter earnings will be poor for most stocks.
Spy
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