We’ve Passed #1, On In #2… Next Up Comes the Big Drop
Today should be the peak of end of the quarter performance gaming.
Stocks have rallied hard for three days. The financial media has seen this as indicating the worst is over. But the fact of the matter is that most of this is performance gaming aided by various Fed officials issue verbal interventions yesterday.
As I’ve noted to Private Wealth Advisory subscribers, there’s a historical pattern here: stocks tend to lead summer rallies into the Fourth of July. With that in mind, the technical pattern we noted earlier this morning remains in play with the S&P 500 rallying to retest support.
As noted on Wednesday, market collapses follow a particular pattern:
1) The initial drop breaking support
2) Bouncing to re-test support
3) The larger drop
As noted on Wednesday, the S&P 500 has completed #1 and is now in #2. I expect the markets will hold up into next week. But at that point we’ll be primed for a serious collapse.
This is just the start. I warned Private Wealth Advisory subscribers in our most recent issue that higher rates were coming noting a collapse in bonds in Europe and the emerging market space.
This could easily become truly catastrophic. The world is in a massive debt bubble and the Central banks are now officially losing control. The stage is now set for a collapse that could make 2008 look like a joke.
If you are not preparing in advance for this, the time to get started is NOW.
I’ve been warning subscribers of my Private Wealth Advisory that we were heading for a dark period in the markets. I’ve outlined precisely how this will play out as well as which investments will profit from another bout of Deflation.
As I write this, all of them are SOARING (one is up 12% this today alone). In fact we just closed another yesterday bringing our new winning streak to NINE trades.
Are you ready for another Collapse in the markets? Could your portfolio stomach another Crash? If not, take out a trial subscription to Private Wealth Advisory and start protecting your hard earned wealth today!
We produced 72 straight winning trades (and not a SINGLE LOSER) during the first round of the EU Crisis. We’re now preparing for more carnage in the markets… To join us…
Best Regards,
Graham Summers
Source: http://gainspainscapital.com/2013/06/28/weve-passed-1-on-in-2-next-up-comes-the-big-drop/
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