“It is time to sell…finally”

2018-11-08, Dennis Gartman, hailed by some as the “Commodity King,” is calling “…time to sell equities…”

“We are ‘officially’ going to recommend short sales of equities on this rally, something we’ve obviously refrained from doing thus far and something we have been correct in avoiding to date,” he wrote in an excerpt posted on the Zero Hedge blog. “We do not make this recommendation lightly, but we are making it nonetheless. It is time to sell… finally… patience having been rewarded.”

Gartman, acknowledges the recent surge has shown positive internal metrics, such as bullish market breadth and strong volume to the upside.  But that’s not enough to keep things going, apparently.

Reference

MarketWatch, Shawn Langois, 2018-11-08, “Dennis Gartman: ‘It is time to sell…finally’