The charts are starting to fall apart, I'd be taking a majority of profits right now. We may see strength later and add them back, but I would at least get out my original investment and let the profits ride or get totally out. The charts have fallen apart very fast as I warned they might do.
Later today could be different, but for now, I'd close the longs. Keep an eye on both sites, things could move fast.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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