The Topping Process is Underway

weekend Jan 8 2022.

FANG index

Facebook Apple Netflix Google

We have five waves up complete from

the covid low of  2020. Other

MEME stocks are falling fast consider AMC the movie chain

Zillow no one loses money in real estate

Dow Theory Non Confirmation

The INDU and TRAN  confirmed each other at the high in November. Since then the Transports have NOT confirmed the new high in the Industrials.

NASD 100 NDX the hottest tech stocks

NDX also topped in November and has sold off at a rapid rate since.

CFOs and Insiders sell record amounts of stock

Corporate insiders are traditionally viewed as the  ' smart Money'

they are selling big time

https://www.cnbc.com/2021/12/01/ceos-and-insiders-sell-a-record-69-billion-of-their-stock.html

Long Bond 30 Year

The fourth wave correction lasted from the low  last April all the way into December. Finally the fifth wave is underway. This should take bond prices to a new low beneath the  April low.

TBF is the inverse, the April high was 158.50 so TBF should exceed that by the time the fifth wave is done.