ETF CORNER

XLF : US Banks have made a major top here.

It's time to short US Banks for the long run.

I suggest shorting XLF with stop at $19. Final long term target at about $10.

 

SPY : Bear Market day 2.

Folks, unless the SPY closes above $160, I think it's safe to say that this Bull Market has topped and that we could see this kind of market action in the next months ahead:

GLD : How could gold bounce back ?

SPY : Bear Market day 1 ?

Here is a chart i posted last January !

I am re-posting it today....

Perhaps , today we have seen the highs of this bull market.

Combine this chart below with my last long term chart of the Nasdaq, i think there is a very decent chance this bull is OVER !