Tuesday Update


This is a copy of a special premium service update that went out at 2:00 pm EDT to premium subscribers. It applies to all Standard subscribers as well, so I'm posting it now (2:00 pm) and it will be emailed at 3:00 pm (EDT)

This update will be short and to the point: The loss of today's 200+ Dow gain is bearish. The hourly charts on SPY, IWM and DIA all generated sell signals. This usually is a prelude to a larger decline and new sell signals on longer time frames. We may know by tomorrow. Standing by.