Dow Negative for the Year

I stated that if the market traded between 18100 and 18500 I would go into cash if I was a long term investor. The print high was near the 18300 area. The Dow June’s declined close to 550 points. I have been saying this is not the time to be complacent. That investing your hard earned money that you saved requires a responsibility not just to hold on but to maneuver in and out. I hear well I will leave up to the professionals. If the S&Ps close below 2072 I would get a sell signal . As I have been saying that I see the gaps below getting filled before we trade higher . Also the IMF asked the federal reserve not to raise interest rates for 2015. I have been saying since January that I do not see any interest rate hikes. Last week we had a dreadful GDP number showing no growth . Oil has run into a brick wall at 62 . I stated that there was a ton of overhead resistance on the weekly charts between 60-65 . If oil takes out 55.65 on the daily charts I would get a sell signal on oil. I think then oil can retest the upper 40 area . I do not see any clear patterns on gold . As of now it is a wait and see. My course Pattern Recognition 101 is almost complete and I will keep you posted if anyone has any questions please call 203-617-4026 .
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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.