On the Sidelines

S&P’s traded down to 2033.50 overnight and closed at 2055 today. The weekly charts are still pointing up and I think there is still a chance of 1 more push up to a lower high. We are now in the second quarter and I still see risk in the market. As I have been saying there are gaps down to 16100 in the Dow and I think those gaps will get filled. So as of right now I do not see any patterns for trades in equities. Oil I said I would buy between 46.50 and 47.50 . Oil traded down to 47.07 and above 48.40 I said I would be out. Oil traded near 50 today I saw a great pattern on the daily charts in oil. Gold had the same pattern on the daily charts as oil. I was looking for gold to pull into the 1163-1173 area and gold pulled into the 1178.20 then exploded. Gold had a great long pattern on the daily charts.
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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.