Technician Tracy Knudsen: Our Indicators Tell Us We’re in a Bear Market

Jim welcomes Tracy Knudsen CMT, Senior Analyst at Lowry Research. Tracy notes that Lowry’s key indicators of selling pressure and buying power tell her that we are now in a bear market. And as long as the buying power indicator stays at a multi-year low, and the selling pressure at new highs, the market will likely move lower. Tracy is now seeing selling spreading into the large cap sector, after starting over a year ago in the small caps and then moving to the mid-cap sector. She also mentions that the international markets Lowry Research follows are in bear markets across the board. Also in this segment, Ryan Puplava has this week’s Market Wrap-Up, and Frank Holmes of US Global Investors covers the gold and commodity markets with Jim.

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