18200 -18500 I would sell!!!!!

Friday the Dow pushed up over the 18200 level… I would look to sell equities and go into cash between 18200-18500. I see a lot of gaps below on the daily charts that should get filled before we move up from lower levels. Yesterday I stated I was looking for some backing and filling and we got it today. The Dow was down at one point over 140 points before reversing before 11 am. I got a buy signal on my 15 min time frame at 1045 am on the spy and I knew that the lows of the day where in. At one point the s@p futures traded above 2100 today. So the backing and filling I was looking for occurred today. I still think we will push upward to new highs in the next few days. Gold was up today looking for a move up near the 1210 level first. Oil exploded at the end of the day closing above 61. Oil stocks did not participate in the late rally in oil. I am seeing a huge negative divergence between oil stocks and the actual oil contract. This is a huge warning sign.
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CEO of Cardone Enterprises, Cardone Capital, international speaker, entrepreneur, and author of The 10X Rule & creator of 21 bestselling business programs, Grant Cardone owns & operates seven privately held companies and a $5.2 billion portfolio of multifamily properties. Named the #1 marketer by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.


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