German DAX just lost it. It's very hard to be positive on stocks if one of the most important stock indices is losing every line of support. There are more and more signs that a (deeper) market correction is very likely.
Please read the following posts on my site to get more insight on this topic:
- Winter coming?
- Rotation to gold and miners?
- Sectors on the...
From my blog:
It looks we could see a correction in the US stocks too. We’ve been seeing it in other markets already. But don’t be mistaken, I think this could only be a correction within a secular bull market. I don’t want to be calling for a 2008 style crisis yet however it can always evolve into something bigger.
There is an interesting rotation happening...
Bear markets are good and very much needed for the LT success. When high complacency with bad behavior habits, such as #hodl or we deserve this oneway ticket to riches talk is cleaned out, only then the price will have a chance to turn.
This said, #BTC is trading in a falling wedge. It would be nice to see a breakout higher, but should the price break lower, it...
Crude is consolidating around a key level. A week ago I posted that if this gets resolved lower longs will have to liquidate. But in no way I would not exclude a bullish resolution of this consolidation.
Even if the price of oil would fall to low 50s, I think that would be a buying opportunity.