by Greg Guenthner
The stock market is grinding up the bulls every single time it gets within spitting distance of its highs.
And tumbling stocks aren’t the only culprits that are chewing up portfolios…
A handful of nasty false breakouts and breakdowns are creating a treacherous environment for traders and investors alike. Just when you think you have something figured out, the market throws a wrench in your gears.
You don’t have to search very far to find the effects of these whipsaw moves. Just look at gold futures over the past 24 hours. After launching to two-year highs above $1,318 Thursday morning, gold started to slip. It’s lost more than $25 since noon yesterday—and now it’s back below $1,300 once again.