A warm spring greetings from the scientists at iBankCoin laboratory!
With the last day of April underway, it is with humility and patience that the 129th Edition of Strategy Session was published inside Exodus. Inside the report, all the latest algorithmic signals and data quirks inside the software were parsed and verified to help members get a sense of what the software is suggesting as we head into May.
Investors look at May differently because it has a catchy euphemism (May, away, it rhymes!) to describe the best course of action, which is to roam through nature as it blooms instead of being glued to the stock exchange. However, enjoying woodlands, mountains, streams, beaches, and even cities is something we can do every month with the right tools.
If we ever find ourselves so emotionally attached to our stock market exposure that we cannot look away, that anxiety could be telling a story—you have too much skin in the game.
Perhaps it is time to explore other investments, like in people. No, not owning humans, but giving them a kick in the right direction of doing what they do best and love. Or buy a physical asset like land or a goat.
While the temptation to ‘go away’ in May is high, especially in the north where we emerge from months of unpleasant weather, you may want to stay dialed into the action during the first week of trade. Most importantly, we have a Fed rate decision coming up on Wednesday and like 90% of investors are expecting Yellen and her team to leave rates unchanged. If they instead bump their target borrowing rate up 25 basis points, we could see the markets take a liquidation hit.
April saw the NASDAQ start leaving many gaps behind. It began moving higher during extended trade and holding the gains. This is real strength that makes it difficult for sellers to execute on their losing positions. In total, six gaps have been left unfilled during the month.
Combine the April action with the whispers of Exodus algorithms, and we have a recipe for remaining bullish into the Fed decision. From then on, the plan is to improvise.
The laboratory inside Exodus is operating at peak efficiency heading into May. All operators have manned their battle stations heading into May and with data as our guide, we are ready to engage.
Exodus members, the latest Strategy Session is live, go check it out and hit me up if you have any questions!
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