Stock Market Trends - Published  Wednesday, November 10, 2010, 8:27am EST

Sorry, not video today, I have no voice.

Was That It?

Tuesday turned out to be another Big across the board Bearish Reversal Day.

We have had several of these over the past couple of months, but yesterday included not only the major stocks and indexes, but also some of the hot commodities inducing Corn, Crude Oil, Gas, Gold and Wheat.

Some Samples below

UGA United States Gasoline

UGA United States Gasoline

TSX

TSX GOLD

But we still need to wait for a confirmed sell signal.

This is #5 for the NASDAQ since the August lows.

And the 3rd for the Russell

Gold stock investors really jumped ship on Tuesday 

 

Again, we are still waiting for Sell Signals.

It looks like a top, and smells like a top, but we still need confirmation.

A close above yesterdays highs, would take these new signals off the table.

Follow-through to the downside would help confirm.

New sell signals would confirm.

So we wait.

All for now.

Stephen Whiteside

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