I'll post some charts, but essentially the only position I changed (SRTY/URTY) is the only one that looks worthwhile to be changes. The Q's and SPY don't give any hint of anything but weakness, Financials aren't giving any strong signals either, only the IWM. This would be a strange bounce if it were the IWM only, but it was left out last week as the other 3 majors did their best to bounce.
Charts to follow.
Overall, a lot of weakness in the market still including Index futures that also agree, IWM looks likely to bounce, but not the other averages.
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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