Monthly Archives: June 2015

CHARTS OF THE DAY

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It’s too dangerous to short stocks with the Fed trying to protect the market, but it’s way too late to get suckered into buying and risk being the greater fool when smart money bails. If you are long you better have a trailing stop working. 

CHART OF THE DAY

The point and figure chart is on the verge of generating a sell signal for the first time in 3 years. A tag of 2070 will start a down trend.

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It’s much harder for the Fed to manipulate the entire New York stock exchange like they can in the S&P futures market. That index has already signaled a new down trend.

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