Sometimes I can put together a pretty clear read on the old market and then go out and punch it to bits for a modest stipend. Heading into this week, that most certainly is not the case. After reviewing all the data I don’t really see anything to lean on and form a bias.
If I were a teevee watching man, I would expect to hear lots of interest rate talk scatted between all the immigration talk. But I do not watch the teevee these days. Nevertheless this week comes down to Thursday afternoon.
I might as well go sit in the woods until then. Cash is still high, I have a hedge of sorts via BIS, and a pocket full of highly explosive growth stocks.
Do you know how the market will act this week? I am all ears, leave me a comment below.
Exodus subs, the latest strategy session is out.
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Raul – I can’t make a strong case for my bullishness, so I’ll drop you one of my favorite Clapton tunes from the black & white days. Give it a chance, as it continues to build, and his tone on this one is otherworldly. https://youtu.be/PkulcvRkd4I
dig it
Big up Monday, big down Tuesday. Market standstill Wednesday through fed. Big swings post fed. End Friday with a net zero change on the indices.
sounds about right rormilt, burn up those Sept exirys
The Scutify sentiment indicator currently reads 93% bullish. Are things really so wonderful?
I mean, they’re pretty great, but that is a high reading. thanks
AAII sentiment survey is showing an even number of bulls & bears, and stocktwits SPY sentiment is showing 70% bearish. There’s a sentiment indicator out there right now to match anyone’s confirmation bias.
thanks for the addenda mfalke, you raise a good point indeed
If you guys don’t know, I definitely don’t know 😀
This week is all about how the market reacts to what the Fed does