It is high noon to nail down your profits.
Long weekends have the big advantage that people have more time for their families and more time to think about their live and other things like to figure out to make money.
We took the occasion to look at daily charts of three U.S. stock indices, the Dow Jones, Standard & Poor 500, and the Russell 200 Index.
The Dow Jones Industrial Index and the S&P 500 Index fell last Thursday below the 50-day moving average. The Russell 2000 Small Capitalization Index has already for weeks a tough time to hold the 50-day moving average (attachments 1-4).
We still think the U.S stock markets are in a overture stage, talking in Opera terms, of something bigger to come. This is also valuable for European stock markets. On U.S. inauguration day, on January 20, 2017, the lights turned from green to yellow (amber). We all know from traffic lights, the next colour is red.