I think we tripped a lot of stops today for a very specific reason, ALL of the market averages are in positive divergences and improving rapidly now that they won't move the pin much.
I have no problem entering the leveraged longs for a move up early next week.
I'll get the charts out ASAP, but it probably won't be before the close, but I wanted you to know that a move to the upside market wide is looking very probable so you would have time to make any moves you need to make before Monday.
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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