I've done an analysis on the DJI vs JNK ( junk bonds) and the divergence between the two is once again giving a leading indicator that a catalyst is coming very soon (1-2 weeks) to bring the markets down.
Thanks for the warning R3anand. I have been following the Dao T. but this week got me confused. Thinking how to close some of my non long conviction positions.
markethunter888
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@alastrade22, i personally wouldn't be long right now. If i was stuck in a long i would book it for a small loss and wait for a better time to enter. Of course, this is not financial advice, you know your risk tolerance best :)