Greetings and hello lads,
The kind and consistent scientists at iBankCoin laboratory have spent the morning parsing stock market data and reviewing the events that transpired last week. And after running our findings through the algorithms inside Exodus, a bearish signal was generated. This is the second consecutive bearish bias we have had.
You may think it is unwise to lean bearish heading into a new month. However, we will press onward with the conviction our quantitative model offers. Part of the reason we built this model—aside from creating a cold and dead way of forming a bias—was to show you, the people, that building your own model is one of the best ways to have confidence in your trades.
You grab the data, you run the statistics, you own the research and your trades. This is much better than relying on someone else. Because when the action is fast, your seat will start to boil while you wait for someone else to make decisions for you.
It is like packing your own parachute before you sky and dive.
Last week the selling did not surface until lunchtime Thursday. This week, we expect sellers to surface early and often. Ideally, the week begins with a gap up. That will give us something to target. If we gap up and sellers fail to close it, that will tell us something also.
When you focus on the auction, there is always a story being told. And it much better to base your decisions on the narrations of price action than 94% of news. Be selfish about the inputs you allow into your brain when you work.
With conviction and grace will shall press our bearish bias into the month of August. Right into the teeth of monthly fund flows. Until further notice, iBankCoin labs is issuing a second week of bearish bias. Should an event occur to change our opinion, it will be made known.
Distinguished members of Exodus Market Intelligence, the 142nd Edition of Strategy Session is live, go check it out!
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