Stock Market Done
Wednesday, we put the fork in the QQQ’s (admittedly two days early). Today, looks like the end for the stock market as well. Even with a possible end of day, end of month short squeeze, as we roll into August next week, stocks are way overdue for a sizeable correction. The action in the mining stocks makes it tough to call. A select few leaders have actually broken out to new highs while most and the metals fluctuate back and forth in their newly established trading ranges. Still very bullish long term on gold and silver but would not be surprised if next week they join the stock market in heading lower.
Fed games will put to test all our analyses! This will go on until it doesn’t!