Stock Market Trends Newsletter - Tuesday, December 8,
Good morning everyone.
No videos this week as I have a very bad case of bronchitis.
I'm not really functioning during the daytime because I'm
spending most of the night coughing.
Last Wednesday we had a major Bearish reversal signal.
This of course is a one-day event that needs to be confirmed
with follow-through to the downside.
On Thursday we got that follow through to the downside
which also generated and enormous number of daily sell signals.
Friday was a very bizarre rehearsal date to the upside,
which made up for a lot of the losses from the previous
two days, but did not change the overall condition of the stock market.
And on Monday, The S&P 500 give us an inside day,
while the MidCap And SmallCap stocks continued lower.
Crude oil also broke down last week.
Taking energy stocks
And the TSX lower.
I continue to look for lower prices here.
All for now.
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