Right That’s It. It’s All A Fraud. I Quit!

DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Read our full disclaimer, here.

Analysis by Alex King, CEO, Cestrian Capital Research, Inc.

In Friday’s market note, before the Great Wipeout Of Our Times, I said:

“Personally that 21-day EMA in the indices is what I am looking to as a marker of bull phase or bear phase. If the 21-day EMAs give way then we’re into a period of weakness; if they hold, we’re not. Sometimes things are that simple."

The test of that is today - not right now in pre-market trading when most things are glowing green, but at today’s close. The closing price tells us what the weight of money thinks about the End Of Capitalism that happened on Friday.

As disclosed at the time to Inner Circle members, I added some crypto ETFs in post-market trading Friday. We will see if that proves wise or not!

Let’s take a look at where markets stand right now. As always we dive deep into the S&P500, the Nasdaq, the Dow, key sectors (consumer staples today - don’t sleep on that one), bonds, crypto, gold and oil.