Markets sold off to start the trading week, with the Nasdaq leading the charge, falling by nearly 1%, while the S&P closed down .66%,
Tuesday Morning Reads – 6/9/15
Chatroom is down
Monday’s Unusual Options
Unhealthy Short Term Conditions – Exercise Caution
As Max G. mentioned in his latest post, the market has been implying a rate hike and subsequent selloff. The ominous conditions have also been reflected in my own measures of money flow and market breadth. Despite the major market indices still relatively near their most recent highs, my long term indicator issued a sell signal as of yesterday's close. The last time this signal triggered was just days prior to the October 2014 correction.
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