This Topping Tail Should Scare You
InTheMoneyStocks.com | Jul 31, 2014 01:21PM ET
The SPDR DJ Industrial Average (ARCA:DIA) is up around 150% from the 2009 lows. Since that low, the markets have rallied, almost non stop on the back of Federal Reserve monetary policy. This policy has been to push interest rates to near zero and print trillions of Dollars. The market has become addicted. Based on Wednesday's GDP and the FOMC's statement, the free, print-money policy is coming to an end.
In other words, the drugs will dry up and the market is beginning to freak out.
The worst and most scary part of this is that the DIA's monthly chart and the S&P 500 have topping tails that will officially be in the books today. These are extremely scary and bad signals for the market going forward. Be warned, be alerted.
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