Trump administration is doing everything in its power to prop up stocks.

On Friday we had not one but TWO verbal interventions from President Trump: both related to a potential trade deal with China. Stocks rallied on the news, but the rally was short-lived and stocks finished the day DOWN.

Expect more of this (failed interventions). While the vast majority of investors continue to cling to hype and hope, the reality is that the bull market that started in March 2009 is officially OVER

We also have NEGATIVE divergence on the monthly chart for the S&P 500’s RSI. And its monthly MACD is on a Sell signal.

Just one of these signals would be trouble, but all three taken together (broken trendline, negative divergence on RSI, MACD “sell” signal), this is as close as you can get to “ringing the bell” at the top.

Will we get bounces and rallies? Yes. But unless you’re a nimble day trader, they’re going to be VERY hard to catch.

Bottomline: we are officially in a bear market, and stocks are going to collapse in a BIG way.

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Our Editor Konstantin was born in Moscow’s Vystavka Dostizheniy Narodnogo Khozyaystva (VDNKh) district on 23 February 1961 the second son of a School master. Educated at Kazan National Research Technical University Казанский национальный исследовательский технический университет имени А. Н. Туполева he graduated in Economics in 1982. Recruited to the Soviet 40th Army serving as a Сержант in Aghanistan,later transferring to 1008th Flak Artillery Regiment, before being struck in the shoulder by a stray shell fragment. Konstantin invalided out of the Army . Starting up as Soviet blogger ‘Maaxmann’, later becoming a guard for a Moscow ballet company and it was there accompanying them in the West, that he had his first taste of the ‘High Life’. Failing to return to Russia he resided first in Reutlingen, where he became a correspondent for Frankfurter Allgemeine Zeitung…later he moved to London to write for the Telegraph,where he now resides with his wife and 2 children.

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