Beware of market double top (Part 1), Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty, Life, History

Episode 144:  The S&P500 has behaved well the past two weeks; it is currently trading above 2000 which was a key point of resistance.  From a technical perspective, the market may be forming a double top…meaning that the next move is down.  The S&P500 high point since the correction (Aug 24&25) was an intraday high of 2020.86 on Sep 17.  During the past three sessions, the S&P500 has UNSUCCESSFULLY tried to top that high water mark.  Volume has also been weak the past three sessions.  I’m concerned about a pullback. In this episode we’ll also discuss poor sector leadership and the threat of a false Oil/Commodity recovery. ----------------------------------------------------------------------------------------------------- 10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at:  https://www.wealthsteading.com ----------------------------------------------------------------------------------------------------- Subscribe to the Wealthsteading Podcast: via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr Hosted by John Pugliano. The Wealthsteading Podcast teaches 10 wealth building principles to help investors build wealth and attain personal freedom. For more information visit us at: www.wealthsteading.com or www.investablewealth.com Copyright © 2015 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah. ---------------------------------------------------------------------------------------------------------