US Stocks Fail the Test of Top

Blame the trade war or blame the Fed. Whatever you blame, we’ve seen stocks nearly 4% below where they were just a week ago or so.

Every major asset class has been nicked, but stocks, coming off record highs, may be getting hit the hardest. Gold and real estate seem to have stabilized over the last couple of days.

Looking at the charts, I don’t anticipate any new signals from my methodology next week, but volatility is definitely beginning to creep back up.

Let’s stay alert!