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For weeks, we have been telling you how sentiment was too bullish. (contrary indicator) Some of our indicators took us as far back to 87 to see so much bullishness. For weeks, we have told you how frothy and speculative markets had become. (bitcoin) For weeks, we have been telling you that the one-sided trade…

SOURCE: https://www.wsj.com/articles/u-s-oil-production-tops-10-million-barrels-a-day-for-first-time-since-1970-1517429674

-By Gary Kaltbaum- February 1, 2018- -As one of the loudest, bearish voices on all things bitcoin, ripple and all that crap, we are very surprised but are very happy how quickly the air has come out of this ass-et. We simply stated we did not know how long the move would last or how far…

It’s early but 26,000 Dow kicked the bears in the teeth. Amazing if it ends up just a 600 point correction for now. Was hoping for 5%-plus just to clean out but aint happening yet. Financials led market up on higher long rates. See you at the close. Big earnings after.

We think we are continuing to see a change in market conditions. After all, we have not seen anything in the way of pullbacks…combined with a gigantic does of bullish sentiment. We have also noticed on the up days, the a/d has not been keeping up. Would also add the DOW is 1200 points above…

500 Dow points aint what it used to be. Only about 2% now. We were waaaaay overdue where a pullback could happen any time…but no way of knowing price and duration. You just look to see what other cards come out of the deck, especially during earnings season. Just remember, when markets top, they do…

Markets do go down every now and then. I know that’s anathema (big word) to many but markets do go down. Markets do not necessarily need a reason. It can just be demand finally gets pooped out while supply picks up. What a concept! It can be that the S&P is up this year enough…