This is really puzzling, insiders have been selling non-stop for something like seven consecutive months or so. And they've been selling big. Last week's insider selling to buying ratio came in at $2842 sold for every $1 bought. Insiders obviously know something.
On another note, the dominant Price/Volume relationship in most averages today was price down and volume up-this creates an oversold condition and between that and the 3C divergences seen today toward the end of the day, I'm guessing we're in for a green day tomorrow.
We don't need to chase, I'd rather let the trade come to me. A little bounce would be great for a lot of stocks that have broken down hard and are oversold. It would give a better risk reward profile as well. If advance GDP Friday is going to disappoint, now is the time for the market to bounce; that's completely hypothetical of course.
Some new trades were added today, be sure to check them out-I really like them.
There is an idea circulating around the market that the treasury is going to unleash about $200 billion in liquidity that will end up in the market, you can read the details here.
Just remember that a few weeks ago or so, GOLD and Silver were the investments that would never stop going up, they stopped. If it's too obvious, sometimes it's too obvious. I'm getting a funny feeling about this market, intuition maybe, maybe a collection of things I've seen, but I feel like the status quo is going to soon be disrupted in a big way. I'll be watching the charts for signs and signals as well as opportunities that arise from any upheaval. For tomorrow, it'll be an analysis day, see how the market reacts to the State of the Union Address and see what the fundamental releases have to say.
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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