The U. S. stock market is now at an inflection point. A battle royale is about to begin between hot money that is afraid of being left behind and is buying aggressively vs. smart money that is selling into rallies because the market is over valued and overbought in the very short-term. Whichever side appears to be winning, machines with automated algorithms will jump on that side exaggerating the move.
WEEKLY MARKET DIGEST: GOLD AND OIL BREAK SUPPORT, WILL HOT MONEY BEAT SMART MONEY? $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
WHO WILL WIN: HOT MONEY OR SMART MONEY? GOLD BREAKS ANOTHER KEY SUPPORT
July 17, 2015