Blog post: More new lows than highs again–$DIA and $SPY remain in Stage IV decline, as are the banks and financial sector–$XLF–back in cash and $GLD

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This weekly chart of the DIA shows a serious sign of weakness. Failure to retake the declining 30 week average (red solid line) is a major Stage IV sell signal for me. The SPY has a similar chart.

The financial sector is in a similar ominous Stage IV down-trend. Reminds me of the banks in 2008.

Scared into gold, which is in a Stage II up-trend.

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