Hey guys, Matt here.
Today's weekly update comes in the form of a video podcast. Take a look
We do these every Wednesday at 7:00 EST, and Sunday 6:00 EST. We take tickers from you guys and we do our analysis live and on the spot if you want second opinions, we also cover all the majors.
In short: The SPX doesn't look so hot these days, the VIX is bottoming out, oil has broken it's support for it's long move up and is looking to consolidate the high 30's. Financials are showing weakness in the bull side today. Retail was doing pretty decent, but not much else was. The dollar had a down day but the trend is still up, this is leaving commodities weak.
And if you watch that video, please see the one where I show the difference between what is and what isn't a bull market. This is not a bull market. Here
Protect yourself traders. The end of the move up is near... very near. And with the numbers we've been crunching showing the quickness the SPX is deviating from historic rolling MA's, if there is a crash this is likely to be the worst one we have ever had. Welcome to the dawn of leveraged ETF's being the horse that drives the underlying. If we saw the power and burden on Credit Suisse when DWTI drove /CL down into the ground, well my friends, SPXS will make that trade look like a walk in the park.
Submitted March 28, 2016 at 08:56PM by trader_matt http://ift.tt/1LVAuau
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