Day 2 of The Closed Down Market

The market closed down today, that is 2 days straight. The news out of Greece is that they need a huge amount of money which sent European stocks downward. The Dax, which is the German stock market, was down nearly 2 percent. I think even if we have a few more days of downward pressure we can hold since my daily algorithm is positive. Once we get somewhat oversold we can move higher. Again, if I was a long term investor I would be looking to sell into the next rally. There is a gap on the DIA at 173.27 the last sale is 177.09, so I see risk once this rally is complete. Yelp is a broken stock and I would look for a bounce to sell between 45-48 if I was a long term investor. I am bearish on gold my daily algorithm is negative so I am looking for a bounce in gold to set up a short. Citibank said that oil could be in the mid-20s sometime in 2015 I am not bullish on oil there is a ton of resistance in the weekly charts between 55-60. The daily MACD is almost getting over bought and the oil stocks on the daily time frames are very over bought. I am looking for a pullback in oil for a long trade then I think oil can make new lows.
Previous articleMark Jeffries & Grant Cardone
Next articleThe Billionaire Blueprint
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.