The stock market has been on fire since the election in the so called Trump rally. As of Friday’s close, the Dow Jones Industrial Average is up 8.5% since the close on election day, November 8, 2016.
So will the inauguration signal that’s it’s time to sell?
Now I’m not saying that it’s going to happen, but I must say the thought has crossed my mind. Which is why I continue to focus on the wave structure of the major indices to see just how close we are to the top.
In today’s brief market video I look at the S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ). I also check in on gold and the gold miners.
http://jfhentges.wistia.com/medias/gbm8yujnsb?embedType=async&seo=false&videoFoam=true&videoWidth=580