The market is now on very thin ice.
Yesterday worked off some of the “oversold” status for stocks, but we are in extremely dangerous territory today.
The S&P 500 has taken out critical support (red line) as well as the bull market trending running back to early November (blue line).
More concerning for the bulls: bank stocks, which lead to the upside, are now leading to the downside. It looks as though the ENTIRE move in the markets since election night is going to unwind.
This is a major wake up call, I hope you’re paying attention. The markets have rallied on hype and hope of the economy roaring back to life… but that’s not coming for another 12 months (at the earliest.
Stocks partied hard starting election night. Now comes the hangover.
And Private Wealth Advisory subscribers couldn’t be happier.
In the last two years 125 out of 146 have been winners.
That’s correct, we’re sporting a winning rate of over 86%.
Subscribers are pouring into this newsletter, to get these kinds of gains.
However, I cannot maintain this kind of track record with thousands of investors following our recommendations.
So tonight at midnight, we are closing the doors on our offer to try Private Wealth Advisory for 30 days for just $0.98.
This is it… no more extensions… no more openings.
To lock in one of the remaining slots…
Chief Market Strategist
Phoenix Capital Research