It seems everywhere you turn there is bad news around the world. Whether it's the Ukraine and Russia shooting down a passenger plane, all the problems in Afghanistan and Iraq with ISIS, and let’s not forget, Hamas and Israel.
Despite having every known obstacle and block thrown in its path, the markets continue to march on and trend higher. How much longer this can go on is anyone's guess.
Somewhere along the line, the markets will make a turn to the downside and when that happens I certainly don't want to be left holding the bag based on what the pundits are saying. I trust in the Trade Triangle technology given its solid track record.
Today, I will be looking at the major indices and indicating where the "line in the sand" is drawn to exit positions should a downturn occur.
I'll also be looking at Netflix Inc. (NASDAQ:NFLX) with its big break down today. I'll share with you one indicator that could have helped predict today's move.
I'll be taking a look at Bitcoin BTC Bitstamp (BITCOIN:BITSTAMPUSD) and discussing why that market suddenly got very quiet. Is this morning the quiet before the storm? I'll give you a key level to watch in Bitcoin because if this level is broken, you may want to own this virtual currency.
I will also be looking at gold (FOREX:XAUUSDO) and figuring out why it has not gone up during all of these flareups around the world. Has the psychology of this market totally changed?