Below are four charts. Which charts do you want to buy and which charts do you want to sell?
Chart #1
Chart #2
Chart #3
Chart #4
In order, the charts are NASDAQ ($COMPQ), DOW ($INDU), S&P 500 ($SPX), and Crude Oil(USO). The indexes are all sells and oil is a buy. Does that mean that we all run out and short the indexes and buy oil? No it does not. Don't run out and short them yet. How can you time when to try and short these indexes? When they trigger lower. When can you run out and try to get long crude oil? When it triggers higher. Wait for the trigger.
Joel Stahl
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