At the end of this post is the market video update for today. If you would like this timing signal delivered to your inbox in a more timely manner then be sure to subscribe to my free newsletter on your right.

I included the 2 charts below because I ran out of time, but I really wanted to point out the negative divergence in the RSI ¬†indicator that’s been going on for months, and in the case of the Nasdaq nearly 5 months. I think both of these indexes are putting in a major lower low and are ready to roll over now that my timing signal has turned bearish.

FTSE, European Markets

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And now for something completely differently and absolutely hilarious.

Have you ever watched a President intentionally steal a pen?

The video, of Mr. Klaus admiring a ceremonial pen during a state visit to Chile, and then attempting to slip it into his pocket without anyone noticing, was annotated and set to music by the Czech television program 168 Hours on Sunday.

 

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