Greetings lads,
For the the 141st consecutive Sunday, the research team at iBankCoin laboratory has parsed out and quantified all market generated information deemed relevant. As the models were being updated several stars began to align. There is a rhythm to data, and when we simply receive the raw inputs as humans without sullying them with our silly thumbs or emotions, occasionally a numeric ballet appears.
It is what many call an edge.
An edge has emerged Sunday. The edge can be an uncomfortable place. Like right now, making a bearish call heading into next week, you may think that would make the room feel a bit warmer. But with data on our side, and with full acceptance that markets are strong and we may end up being wrong, it is with conviction and poise that we stand by our forecast.
All signs point to Wednesday. Humped day has all sorts of quirks associated with it. We have simplified these ‘quirks’ as much as possible in the Exodus Strategy Session, so that someone less versed in quantitative voodoo can understand it.
Then there is the wonderful reading today from the IndexModel: 3.33
3 is the center of the universe. The first odd prime number, half of 6, multiplied by 33 to generate the only EMA that matters, 3 is everything. And nothing.
We have an FOMC rate decision out Wednesday. Traders over at the Chicago Mercantile Exchange are pricing a 97.5% probability of no change to the Fed’s benchmark borrowing rate. If the Fed is going to continue behaving as brilliantly as it has since Janet Yellen took over, very boring and predictable, then no change will happen Wednesday. What will happen, however, is a reaction to the announcement. This reaction is everything we need to carry or pivot our bias into the second half of the week.
In short, we are bearish heading into next week. How this plays out will make for interesting conversation on August 3rd when we meet in Detroit to discuss global domination. Have you submitted your RSVP for the free Detroit investors conference yet? You will not be granted access to our high society meeting unless you RSVP. The doors will be locked to keep the unsettled populace out. If your name does not clear over the intercom, I have instructed security to deploy a deterrent mist. Should that not effectively clear your person from the entryway, and at my command only, knee-level flamethrowers will be ignited.
If you do not feel like creating a MeetUp account to RSVP, you must make your intentions known so our administrative assistant can manually add you to the list.
Model is bearish therefore the kind scientists at iBankCoin laboratory are issuing a Rose Colored Sunglasses alert for the week beginning July the 24th.
Behave accordingly.
Distinguished members of Exodus, the 141st Strategy Session is live. Check out what is going on with the mother algorithm that is directing our attention to Wednesday.
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