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Did markets just put in a top. We've been discussing the probability we were in the time zone for a market turn. They were weak today, stayed weak and finished weak. That's not bullish behavior.
It's garden variety, bearish behavior. However, one day doesn't make a trend, so we'll need more evidence before jumping to conclusions.
We're still keepin close tabs on our favorite market leading indicators such as the IWM, TRAN, Financials, Simi-Conductors (SMH) and more.
We look at a variety of different charts from a techincal and common sense perspective.
Hosted on Acast. See acast.com/privacy for more information.
By David Frost5
55 ratings
Did markets just put in a top. We've been discussing the probability we were in the time zone for a market turn. They were weak today, stayed weak and finished weak. That's not bullish behavior.
It's garden variety, bearish behavior. However, one day doesn't make a trend, so we'll need more evidence before jumping to conclusions.
We're still keepin close tabs on our favorite market leading indicators such as the IWM, TRAN, Financials, Simi-Conductors (SMH) and more.
We look at a variety of different charts from a techincal and common sense perspective.
Hosted on Acast. See acast.com/privacy for more information.