R.Russell – 3 Key Charts & Some Things To Think About

 
With key global markets at or near breakout levels, and gold turning higher in after-hours trading, the Godfather of newsletter writers, Richard Russell, released 3 key charts covering everything from stocks, to commodities and gold.  KWN even included a bonus chart of hedge fund activity in gold.  Here is what Russell had to say in a note to subscribers: “From its recent high, the Dow (intraday yesterday) was down almost 200 points.  Normally, this would be considered an overdue minor “back-off” from an overbought situation … When one Average advances to a new high, and that new high is unconfirmed by the other Average, trouble may be waiting.”