The Yellen Fed Meeting Bounce
No one should be surprised that the coming Fed meeting combined with a bunch of short term traders could provide a healthy short covering bounce to the markets yesterday.
Next week will be a lot more important and it will have the long term players involved. The S&P Macro Sell Signal is getting closer to being triggered.
Keep in mind we are on the verge of the deflationary move that we have been warning against for the past three years, it will affect everything, the best place to be when this is triggered is your long dollar / short everything else positions. You have to protect yourself, the Apple watch is not your first concern.