Thursday's Outlook: The Pump and Dump

And by the above I mean, no sector including previously 'safe'' bets like gold and related markets will be spared a beating with an ugly stick.

Market internals Wednesday were mixed with volume high but advancing/declining issues weak.

There is some amazing and no doubt unnerving action taking place in financials, tech, commodities and emerging markets. First, let’s see how things looked on some “5 minute” charts to demonstrate the crazy action. For even professional traders Wednesday, you had to be very skilled with the joystick.

Okay, so let’s step back a ways and look at things from 'weekly' chart time frames--no joysticks required.

How many times have you read a headline like that below and wanted to, well, hurl?

Go to part 2 »

Disclosure: Among other issues the ETF Digest maintains long or short positions in SH, SDS, MYY, RWM, TWM, PSQ, IEF, GLD, GDX, DBA, DBC, DBB, EFA, EFZ, PPA, XLI, XLB, EWJ, EWV and RSX, IFN.