The Japanese Yen Is Still Leading Gold | Stock Market Pulse
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Bears came out today and are pushing stocks lower as fears of a global slowdown are setting in.
In Saturday's Premium video, I pointed out how the large bull flag in the SPY was looking weak as the DMI Stochastic indicator put in an uncommon occurrence of failing to get overbought.
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Today's free video covers the surging Yen and Gold as stocks are starting to pull back. The focus during this pullback and any pullback really is to find which stocks are holding up well and start building a watchlist for then the trend turns back up.
I'm still on the books that this downturn should last one or two weeks before getting long again.