These next five days are the most important trading sessions of the year. ‘Liftoff’ of interest rates has been the talk around the globe for the last six months. Wednesday we find out that that butterscotch eater means business. This year stocks have been ruthless while indices maintain a veil of decency. Several option and futures contracts expire Friday. Price is already moving fast. I intend to buy blood this week.
Buying blood takes intestinal fortitude. It takes guts. This is the best job in the world, is it supposed to be easy? Then everyone would do it.
Buying blood does not mean catching a falling knife, for me. I will wait for the cavalry to come in. This means I need to see the brute force buy thrust before I engage. Something like we saw on 12/08 around 10:30am.
Buying blood means listening to all my objective data and executing with a steady hand. It means accepting risk and being okay with taking some heat.
This will be the biggest market week into year end. This will be a defining moment heading into 2016. This will be a test of the financial complex. I intend to buy early, to anticipate a rally into the FOMC minutes. From that time forward I will improvise.
Best job in the world.
Exodus members, the Strategy Session has been published. Be sure to check it out.
If you enjoy the content at iBankCoin, please follow us on Twitter
I don’t know about blood in the streets, but the urine is definitely flowing. Under the circumstances, I think the first objective here should be to avoid getting pissed on.
Are we talking R.Kelly?
OMG!! I actually totally agree with you today, kind of scary
I’m not scared.