This week the stock market is down. While there has been some strength in technology stocks recently, this week the Russell 2000 has acted weaker than the Nasdaq and S&P 500 stock market averages and has tipped over.
At the same time, gold has been strong to the delight of gold investors. Silver also appears to be lining up as many silver mining stocks have recently gone to new highs. I talked about this situation with stock trader Michael Swanson to get his take on things.
Mike Swanson from WallStreetWindow.com posts my articles on his website WallStreenWindow.com every week as we see the markets in a similar way and use similar strategies.
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Chief Market Strategist
Technical Traders Ltd.