Greetings From Guilin, China

Greetings from Guilin, China. We will have our award winning weekend report for you over the holiday weekend.

Since our call for a low on Feb 11 and Feb 12 and during the past weeks of rallying, we have not had to say the following once:

We think there is a better than average chance that yesterday’s action marked a near-term top, maybe of importance. In our last report, we told you that the S&P rallied 13.2% from the lows. Back in last October, it rallied 13.3% before topping out and rolling over weeks later. We will let others decide whether this is a coincidence.

For those that are asking whether one day’s action can matter…the answer is yes…especially when it is a recovery rally…especially when there are so many areas and names just rallying into massive resistance. So stay tuned. Going to get interesting from here.

A couple of big reports coming to you over the weekend. Have a happy holiday!