It hasn't happened very often over the past two and a half months, but the bears managed to win a battle for a change. Losses were moderate overall.

The Seven Sentinels remain in a sell condition with NAMO and NYMO continuing to fall lower. This has been a warning sign for the past couple of weeks. Whether we head lower in earnest remains to be seen, but risk is definitely elevated.

The Seven Sentinels remain in a sell condition with NAMO and NYMO continuing to fall lower. This has been a warning sign for the past couple of weeks. Whether we head lower in earnest remains to be seen, but risk is definitely elevated.