Wednesday, January 20, 2016

Having Avoided a Dow Theory Sell Signal....I'm Getting Too Old for This

From iBankCoin:

Cashin: We Dodged a Bullet
Rumors of derivatives in Hong Kong. Today’s reversal from -566, allowed us to avoid the ominous “Dow Theory sell signal.”
Watch what happens in Asia tonight.
Oil’s rebound is what drove today’s rally.
Had we broke 1,801 on the SPY, there would’ve been dragons in these lands....MORE