Just yesterday I mentioned SRS and the fact that the pullback looked like a decent Risk:reward entry area. The Fed today changed their language by a very subtle, "weakness in housing starts" to "the housing sector"
SRS responded favorably.
I'm having trouble uploading the chart, but it's still very buyable here.
The market turned quite volatile, but lower.
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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