Dr. Wish

The big money thinks this is the place to be. I use TC2000 to sort stocks at an ATH by industry. (Use the coupon on this blog to get TC2000.) Rather than choosing one of these stocks I bought the 3x ETF, $DFEN, see the daily chart below.

Note the recent green line break-out, GLB, to an all-time high, ATH,  on high volume. DFEN is almost 3x its price from a year ago.

So many things are not adding up. Not many highs or ATHs  and long treasury bonds are declining, see chart below. I own a very little SQQQ in case a new QQQ short term down-trend begins on Friday. It is late and I had not planned to post tonight. I just want to tell my readers that I have gone to cash and hope that I am wrong and a good contrarian indicator. The GMI2 has fallen to 2, indicating that my most sensitive short term indicators are now negative. Below is a daily chart of TLT, the 20 year treasury bond ETF. Bond traders are selling bonds and raising interest rates because, I assume,  they fear future inflation. Higher long term rates will increase the cost to the US government to borrow money and service the debt. My setups are failing. Time for me to be on the sidelines.