Despite positive, pre-market futures indications, today's open was incredibly soft...
Two gaps lower reveal yesterday's final hour created a serious crack that, no save over the remainder of the day disguises. Indeed, this morning's downside follow-through to yesterday's lousy close raises concern that, top in fact is in.
Two things are certain. One, trading like that at today's start is unusual. Two, someone was raising capital and doing so with haste, finishing a job begun during yesterday's last hour.
So, today appears to have delivered more direct, trading-driven indication that, a forecast, strong turn lower — quite possibly devastating — is drawing near.
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Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
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