As technicians battle over whether our "hated" seven year rally still has legs, I continue to return and ask myself "has anything truly blown up?". I do personally believe the US Dollar will continue it strength and that will continue to put pressure on commodities, dividend payers and discretionary. Financials and insurers will push higher. Can the rest of the boat survive? Are earnings guidance showing a 'rosey' picture of the future? Will Trump win? Too many unknowns for me. This post, using monthly charts, brings me back to earth. While I have no need to catch the absolute top, it gives me specific areas which need to be defined. I remain cautious and yes, have numerous short positions as well as longs. That doesn't mean, however, that I'm willing to give up just yet. I hope you enjoy-
While the technicians usually write about the short tem, I want to zoom out a little and use a monthly chart of the New York Composite ($NYA). For those who follow my webinars, we are foll
