What are some of the most concerning charts at the end of the week, and what do they say about a resumption of the bear market? Find out in this video.
Image source: Pixabay
A rough week for stocks got rougher after another higher-than-expected inflation report was released on Friday. What are some of the most concerning charts at the end of the week, and what do they say about a resumption of the bear market?
00:39:38
More By This Author:
Bull Trap Or Healthy Consolidation?This post contains the current opinions of the author but not necessarily those of Ciovacco Capital Management. The opinions are subject to change without notice. This article is distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. The charts and comments are not recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations are not predictive of any future market action rather they only demonstrate the opinion of the author as to a range of possibilities going forward. All material presented herein is believed to be reliable but we cannot attest to its accuracy.
The information contained herein (including historical prices or values) has been obtained from sources that Ciovacco Capital Management (CCM) considers to be reliable; however, CCM makes no representation as to, or accepts any responsibility or liability for, the accuracy or completeness of the information contained herein, or any decision or action taken by you or any third party in reliance upon the data. Some results are derived using historical estimations from available data. Read our full disclosure here.
Comments
Log in or sign up to join the conversation.