I THINK MY POST FRIDAY CLEARED UP KIND OF HOW I FEEL ABOUT THE MARKET.
That being said, there still seem to some long opportunities, I call them "Cats and Dogs" trades, typically they show up and work right at the end of a bull run. Most of the time they can gain double digits in a matter of a few days, and most of the time you are best off taking the gift and running with it. However there are a few that are coming out of some nice bases, they don't construct a 3 month base for a 2-day gain, so if you enter any of those that are notated, you might want to keep in touch with me so we can monitor their progress as possible position trades.
About declines. A rather strange event in bear markets is even during a decline, you will typically find as many if not more up days then down days, even in a downtrend, it's just one of those weird facts about a bear market. The difference is the days that decline are much bigger, the other days are almost irrelevant, but annoying. Just so you know....
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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