All Posts Tagged With: "Nasdaq Summation Index"

Stocks Are Dangerously Close to a Big Sell Signal

Stocks may be in more trouble than I thought.

As you know, I turned short-term bearish last week. The intermediate-term rally needed a break and this week seemed as good as any for the market to pull back and wean a few of the weaker bulls from the herd.

So far so good. Stocks are down on the week and it looks like we’re in the middle of a short-term correction.

There’s more downside to come. But my original plan was to use a move down to about 780 or so on the S&P 500 as an opportunity to load up on stocks…

23Apr2009 | Stansberry and Associates | 0 comments | Continued

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