Sell Signals, Gold, and Earnings – Market Maker Steve Kalayjian

January 16, 2015 – Steve Kalayjian with Market Makers.   The Dow Jones Industrial average closed down 116 points.   “Early this morning Bank of America and City Bank had disappointing earnings.   If there is any rally in the distant future”, Steve says, “he would be a seller”.   He has sell signals on the daily time frames in City Bank, Bank of America, Goldman Sachs, JP Morgan, and the exchange trader fund, XLF.   Any type of rally in those names would mean it is time to sell.   If these stocks stay where they are based on tonights close and/or open lower or close lower there will be a sell signal on the weekly time frame.  The market never goes up when the financials are weak.   Steve is a buyer on gold and if “gold pulls in between $12.15 and $12.20 on the daily charts Steve says he would be a buyer using an $11.80 stop.
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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.