Stockmarket update : Here is a chart from my email update last Friday. Looking at sectors such as energy and semiconductors, it's clear something very significant is currently taking place. The hallmark of a top is that it's very difficult to get short. We bought puts 2 weeks ago but exited the position after the first huge rally. Usually the US lead the way but this time, US equities followed European equities on the downside. Indeed Europe gave a sell signal two weeks ago. Last week we had a sell signal in the US (Dow), and in all likelihood it will be confirmed this week .
