The “recovery” is over, at least as far as retail is concerned.
The retail ETF (XRT) has taken out its bull market trendline dating back to the 2009 bottom.
Even more than this, XRT has not only taken out its trendline, but it has since failed to reclaim former support. Instead we’ve had a dead cat bounce resulting in a “kiss” of former support, before rolling over again.
The Single Best Options Trading Service on the Planet
THE CRISIS TRADER has produced an astounding 172% return on invested capital thus far in 2016.
We have a success rate of 72% meaning we make money on more than seven out of 10 trades. And thanks to careful risk management we’ve seen triple digit returns on invested capital every year since inception.
Our next trade goes out this morning… you can get it and THREE others for just 99 cents.
To take out a $0.99, 30-day trial subscription to THE CRISIS TRADER...
This indicates that what was support is now resistance. Momentum has broken completely and we’re now in a consolidation period at best and a downtrend at worst.
This comes at a time when large retailers like Kohl’s, Nordstrom and Macy’s are recording same-store-sales collapses ranging from 3.9% to 8.2%. Wal-Mart, the single largest retailer in the world, just recorded its first ever year over year sales drop.
The “recovery” is over. The US economy is heading into, if not already IN a recession. And stocks are poised for a Crash that will be at least on par with what hit in 2008.
We’re currently preparing for a similar situation today.
Indeed, subscribers of my Private Wealth Advisory newsletter just closed out THREE more winners last week: gains of 10%, 12% and 15% produced in just a few weeks’ time.
This brings our winning trade streak to 81 straight winning trades.
Indeed, we haven’t closed a single loser since November 2014.
81 straight winners… and not one closed loser… in 18 months.
However, I cannot maintain this kind of track record with thousands of investors following our recommendations.
So we are going to be raising the price on a Private Wealth Advisory subscription from $199 to $249 at the end of the month.
However, you can try Private Wealth Advisory for 30 days today, for just 98 cents.
If you find that Private Wealth Advisory is not for you, just drop us a line and you won’t be charged another cent.
To take out a 30 day trial to Private Wealth Advisory for just 98 cents…
Chief Market Strategist
Phoenix Capital Research
Our FREE e-letter: https://gainspainscapital.com/
Follow us on Twitter: http://twitter.com/GainsPainsCapit