The market has gone up in the last two days because of the oversold condition and expectations of something out of Federal Reserve. We do not expect anything new out of the Federal Reserve.
The volume is very low today and no matter what the Federal Reserve says today, they cannot stop the coming decline in the market. Advanced decline is not very good and Russell 2000 stocks and Energy stocks have not moved much in spite of rally in Oil from oversold condition.
Same thing can be said about Transportation Stocks. Volatility went down because of rally in stocks. We will see new lows in stocks soon. We are in step 3 down and anything can happen on the downside.
China has not been able to stop the markets from going down Stopping the trading in more than 50% of the stocks can stop the decline on a temporary basis but we will go lower.
SLV
The volume is very low today and no matter what the Federal Reserve says today, they cannot stop the coming decline in the market. Advanced decline is not very good and Russell 2000 stocks and Energy stocks have not moved much in spite of rally in Oil from oversold condition.
Same thing can be said about Transportation Stocks. Volatility went down because of rally in stocks. We will see new lows in stocks soon. We are in step 3 down and anything can happen on the downside.
China has not been able to stop the markets from going down Stopping the trading in more than 50% of the stocks can stop the decline on a temporary basis but we will go lower.
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