Today, I will point out only few major happenings I saw in the markets in last few days.
First thing is the gauge I use in trading and it has been right in more than 90%. Well, yesterday it turned into red colour and says SELL "SPX" or S&P 500 (US index). That is huge move and it tells you a lot. Specially about investor's confidence.
Link: Tradingview
and....History AGAIN repeating itself as Wells Fargo readies its first post-crisis mortgage bonds
Link: marketwatch
We need a real market and we need everything to correct. When will it happen, I don't know. But it doesn't seem like it will need long time to do that.
