Don Yocham: "All Signs Point To Recession"
- Bulls are losing momentum… (markets grossly over-bought)
- How algos are distorting technical price levels
- These sectors remain in play for some upside!
- Why market internals are KEY right now!
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The DOW is "technically" out of its bear market. The problem is that the S&P usually leads the way to brighter days. So… It's Friday, Dec 2, and the broad market is ripe for a pullback – or not. FAST is a good word, and I have an eye on FAST (Fastenal). I'm prepared for a move either up or down, but more importantly I'm interested to see how markets respond at this historic time. | |
Shorter term swing trades (2-3 days) up and down are paying right now. Wait till you hear what Markay Latimer, Geof Smith, and Chuck Hughes are saying about trading that pays today during our LIVE Ask The Pros session at 12pm Eastern. Think and win! Celeste | |
Today we continued getting data on purchasing managers' indexes — and they're all signaling contraction in the manufacturing sector. We also have some pretty strong signals that job layoffs are continuing at a rapid pace — particularly in the tech sector. The fact is we're moving deeper and deeper into a recession… and it's becoming more and more obvious, even to those talking heads who have been talking about market bottoms all year. (while I've been warning you otherwise) | |
Kind words from our best students: "My favorite program is Trophy Trades. I've averaged around
80% returns since joining due to my limited account size." — Miguel P., a premium subscriber to Chuck Hughes | |
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