Technician Tom McClellan: Stock Market to Remain Weak Into September

by James J Puplava CFP
Financial Sense
Jim welcomes noted technician Tom McClellan, Editor at McClellan Financial Publications. Tom sees a continuing pattern of stock market weakness, likely bottoming in September. He discusses the Hindenburg Omen, and believes the indicator was distorted by recent weakness in bond funds. He also discusses the four-year Presidential Cycle Pattern. Lastly he sees some bullish indicators for gold (see charts). Also, Ryan Puplava has the Market Wrap-up, Erik Townsend covers commodities and Rob Bernard looks at interest rates and fixed income.
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