I was extremely busy this weekend with errands that have to be done and due to this constant activity of “stuff” I am unable to deliver a very long commentary.
However, I will say the smack down we are getting in the futures is the reason why I have been selling stocks with big gains and stocks that are showing cracks immediately. We are pretty far along in this rally and I think profit taking time could be here. The recent shots at the highs was on lower volume and there is some strong negative divergences showing up in the technicals and with leading stocks.
I did make a nice long video 1 for subscribers that I sadly can not post for FREE and SILVER members due to my video technician, who puts these together, taking a vacation. I believe I will not be able to show a FREE video for the week but heck that is always a good excuse to invite you over to being a member of the GOLD or PLAT site. Those very important areas will still be updated and I will continue to have videos in their full size there.
Bottom line: be careful with new longs here. Tread lightly and wait for the market to get its footing back before coming back in on the long side. Aloha!
FREE small YouTube video:
(video technician is on vacation. FULL SIZE available to subscribers on the forums.)
