Re: Bear Cave 2 (Bull Allowed)
Warning Indicator - HYG
Jeff Clark's Market Minute
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The Most Vulnerable Chart in the Market
By Mike Merson
November 23, 2019
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By Mike Merson, managing editor, Market Minute
For the past three weeks, the market’s been all risk, all the time.
The Dow, Nasdaq, and S&P 500 have all made blowout moves to new highs. Hopes for a China trade deal propelled the move, of course. Just as it has for the past two years…
But if you ask me, none of this feels right. Stocks are heavy right here. Trading momentum is drying up. The price of stocks just isn’t lining up with how traders are behaving.
So, no matter what happens with the China trade deal, I think we’re setting up for one massive sell-on-the-news situation.
Jeff has preached all week that you should be cautious of this market. I’m in firm agreement with him. Judging by how the smart money has behaved, we’re just one bad day away from what could be a nasty correction.
Regards,
Mike Merson
https://www.jeffclarktrader.com/mark...in-the-market/
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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