On Friday, I wrote that the S&P 500 is looking like the top is in, and that things could get rough for the bulls. I thought it would be good to look at some of the sector Spyder’s to see if any of them look more top heavy than others:
S&P 500 Trend: Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Last Thursday, October 9th 2008, I predicted the market would be hitting rock bottom by May, 2009. With that in mind, investors who had their money on the sideline, or who have taken advantage of bearish market levers such as puts and shorts have a massive advantage in their ability to buy into positions very [...]
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