On tap: week 2 of 2016.
What has the market done? Printed the worst first week in the history of the God forsaken Dow Jones Industrial Average.
What is the market trying to do? So hard, the market is trying to find buyers. It is offering deep discounts.
How good of a job is it doing finding buyers? A few times last week the market discovered big buyers. It is doing an okay job, but the auction still persists lower.
What is the market likely to do from here? Stay fast. At least for one more week I expect fast action. The economic calendar is light, therefore the moves will be natural or based on unscheduled news. The best markets out there.
Exodus Members: I parsed the data of last week into concise sessions. Every week I seek to answer the above questions (the big 4 from ‘Mind over Markets’) with a bit more detail and objective reasoning. The track record of my model and Exodus are included in every report–for the sake of full disclosure and strengthening the iBankCoin Republic. Check it out!
Off to pump steel.
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