Market Minute

Next week could be rough for the stock market…

I’m thinking maybe this time, after three small reactions, the sell-off in the gold sector will be larger.

This condition often leads to at least a short-term decline in the broad stock market.

Whenever this condition exists, the broad stock market is vulnerable to a sharp and sudden decline.

This “widow maker” trade has exceeded my upside target. It’s trading 40% higher than where it was in July. And it’s time to take profits on the trade.

Now that the Fed’s rate cut is out of the way, the dollar is poised for a more significant bounce.

I would rather sell a little bit too early than hang on too long.

Here’s why I’m short-term bullish… but medium- and long-term bearish.

Always remember, the Fed exists to save the banks…