It is all about Jackson Hole on September 18th. The speculation is that there will be a 1/4-point reduction in rates because inflation is falling. What happens if the FED doesn’t cut rates might be nasty. No matter what, the speculation about the cut had a large impact on the markets last week.
I genuinely believe that the big money players manipulated me a week and a half ago. A three-day flush, all signals fired, and then a 100% reversal. I like to go back and look at things bit by bit to see if I should have done anything differently. I did come away with an observation,…
Yes, I am going to tweak my setup. One fund is below the mark, but I am still going with the setup shown below.
No daily buy signals have fired yet, but the 1-hour charts all fired today. So, here is my move for Wednesday.
Here are the charts going into next week. Will we get another wild ride? I do not have a good read on direction, but I do know what our charts are telling us, so let’s get started.
Monday, August 5th, will most likely be a moving day, but I will show what has to be accomplished for that not to happen. It is a big mountain that will have to be climbed. I will also talk about maybe staying in but reducing my stock exposure. Now to the damage and the charts.
Sometimes you just have to find the humor in days like yesterday and today because what else can you do? Read below my move for today.
Today was bad, and it appears that tomorrow there will be a continuation of the price action we saw today. Amazon is a big player inside the S&P 500, and Amazon is down 7% in the aftermarket as I type this blog. Do we have any sells? Yes. Do we have some that are close?…
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