The s&p chart is making a classic step down pattern-meaning its making lower highs and lower lows. Not a good sign for the market. Really need to keep your eye on this chart.
The financials are horrible. This is a place,the financials, where i tell my 401k clients that they should put at least part of their 401k monthly contribution into.If you have a financial mutual fund in your 401 k i highly recommend that kind of strategy since your avg. in at a low cost basis.
The relative strength of stocks vs. money market is weakning but still favors stocks over anything else. I still have my hedge,the inverse s&p and will keep it until or if the s&p makes a higher high.
Stay alert will rogers!!!!!!!!!!!!
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