No particular trading advice but this could very well be a pivotal moment, either to the upside or with a clear rejection and correction. Prices have clearly broke out but whether fundamentals will allow for further upside is uncertain.
The chart shows a potential gain for a buy on a pullback or short correction; ultimately, I see this more as a super long-term investment. You can't get much more diversified than this (exception made of multi-asset funds such as AOM, YDIV, MDIV, INKM, etc). This is just something to hold and keep. At this point in time, the market really could go both ways,...
As with any longer term predictions the chances of it following the plan are pretty remote but this take sees world equities continuing there excellent run for some time yet. It looks to me that my 5th wave is extending but with most of the world's equity markets undergoing a correction of sorts at the moment this could be an end of a wave iii.
The Global Stock Market's Monthly RSI is Hitting a Top in an Overbought Position. This is dominated by US equities. There is no etf to short this index in my 401k. I am currently short one Dow future. Trying to short the US market has not been very rewarding so far. I will start shorting it more going forward. I watched my 401k fall a lot in 2008 and...