Market Update 8-20-2014
Our research shows we should continue to see broader market strength until we reach and retest recent record level highs achieved less than a month ago. Once at around these record levels we’ll then see another sharp short term 7 to 10 day pullback and retest of the 200 day moving averages for the broader market DJIA and S&P. We’ll continue to exit recently established short term profitable positions before the broader markets go lower. As previously stated we’ll look to go short the broader markets by positioning ourselves in Inverse ETF’s. Check out our newsletter ETFreversal for more information and remember to be prepared and check your email, tablet and mobile devices for our next alerts.