Everything started to change in February.
We were right here talking about it.
You saw the major shift in March for sure. It was obvious to everyone.
But the cracks actually started to show up in early February.
In fact, both the Dow Jones Industrial Average and Nasdaq100 are still at the same levels they were in early February.
The Russell2000 and S&P600 Small-cap Indexes are both still below their December highs.
Apple just hit the lowest levels since October, making this one of the best bearish positions we put on this year, outside of the $LULU trade.
Both of these have worked out very well.
And I think there are more of these epic downtrends coming. [Read more…]