Although MCP often moves on its own without any problems from the market, it seems like it may be taking advantage of the markets consolidation.
In any case, I still love MCP long, I'm guessing that it will launch at the same time as the market and it's charts are showing steady accumulation so I'd still pick it up here long if I had room.
A clear 5 min leading positive in MCP, much more developed and larger than the broad market, I see this as more than a hitch-hiking/ bounce move, I'd have no problem opening or adding as a core long or a trading position long.
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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