The Dow $13k Drinking Game...
Yesterday the Dow held $13k, today it lost it, but 1 thing did differentiate today from the 30 or so times the Dow has crossed above and below $13k.... VOLUME
We saw big volume on the open and big volume on the close, that has been what has been missing from all of the crosses above and below $13k.
I encourage everyone to always keep the big picture in mind, it is easy to drive yourself nuts on day to day trade or even intraday trade, however, there was a flashing warning sign in momentum. Look at this gain of a measly +.69% over 18 trading days, or 1 day short of 4 weeks of trade.
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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