DEATH CROSS PRINTED ON FRIDAY- LOOK OUT BELOW!!!
Nasdaq along with many individual stocks I am short printed an official death cross on Friday. If you don't know what that is, it's time to close all your positions and find another line of work. A death cross is a textbook SELL signal, no more "buy the dip" and hope stock market of overpriced high flying money losing companies courtesy of the perpetual money printing of the FED. We are in an unofficial bear market with the averages but confirmed on many individual stocks. Nothing but headwinds on the horizon. And, without the federal reserve backstopping this bubble the bubble will continue to burst, as it should! I have traded bear markets before, they are not fun. It doesn't mean to get short anything and everything and wait, bear markets do not work that way and are met with many violent rallies on the way down.
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