Hubert Senters here.
Let’s take a look at the S&P. So last week we called talking about like we think we should short up in this area in the Dow, S&P, Nasdaq, Russell, all of those. Now, technically pure and technically more accurate and what we’re doing technical analysis as best you can. The Nasdaq and the Russell are a little bit better. We talked about that last week.
But this one — other two. They usually round and two sets of sisters so the four big sisters. I called the four big sisters or the four horsemen whichever way you want. You get the Dow, S&P. They usually go together. Nasdaq and Russell usually go together. Usually one that’s leading, one that’s lagging.
And then the other two are just trying to play catch up. So in this situation Nasdaq or S&P did go down here to support sort of pretty harsh today in the head of V bottom there on the Intra-day session and then bounced up. I don’t think that’s going to hold that you see a sign of weakness and a sign of strength.
But it did bounce off of that bottom so pay attention tomorrow what we get tomorrow. We’ll probably forecast what’s going to happen next week. And then Mark is going to be doing a special webinar next week. Let me pull this over here, ‘’The Simple Hedge Fund Strategy,’’ Tuesday, December 11th.
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Good luck. Hope it helps. And I’ll see you on the next video.