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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