chartsmaster

"Danger Danger Will Robinson" Canaries Are Dropping Like Flies

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TVC:DJI   Índice Industrial Médio Dow Jones
I have posted for the last few months that the stock bull market was over and it was only a matter of when, not if, the lows from Feb. would be taken out! The one thing I couldn't decide was if a CRASH would occur or just a long bear market? It could still go either way, but a CRASH may be upon us? Yesterday, I posted today would be a sharply higher day which would complete the topping process and I thought the market would do nothing spectacular before the new month began early next week. The market is so weak that today's early 100+ point rally quickly faded and now we are dropping fast. The canaries that are dropping like flies are most of the FAANGS and high tech stocks that were the market leaders during the final run-up since the 2016 election. The top is in and complete and the stock market is on CRASH alert. Even without a CRASH a bear market has begun and will soon be confirmed when the Feb. lows are breached. Probably sooner than later. Be in silver and CDE and be safe! Chartsmaster
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