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08/31/2019 Weekend Update
08/31/2019 Weekend Update
Up one week means 77% chances higher high the next week, so probably more up.
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Re: 08/31/2019 Weekend Update
LONG TERM:
As a 70+% consumer society, it’s disappointing that we’ve lost many of the consumer-demand measures, especially Retail, lime, which led in the 2015 and 2018 rallys.
Caveats:
1) Divergences can last indefinitely.
2) It’s hard for TA devotees to appreciate that Tweets and the FED are now more important, but prices should eventually catch up/down.
Recall that on 8/30 we were alerted [via the St. Louis FED] to the fact that the FED is buying treasuries [that is QE folks].
3) Reminder: If you change the timeframe on a chart, you can get a very different picture.
As a 70+% consumer society, it’s disappointing that we’ve lost many of the consumer-demand measures, especially Retail, lime, which led in the 2015 and 2018 rallys.
Caveats:
1) Divergences can last indefinitely.
2) It’s hard for TA devotees to appreciate that Tweets and the FED are now more important, but prices should eventually catch up/down.
Recall that on 8/30 we were alerted [via the St. Louis FED] to the fact that the FED is buying treasuries [that is QE folks].
3) Reminder: If you change the timeframe on a chart, you can get a very different picture.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 08/31/2019 Weekend Update
Last 25 days %
Staples (grey dash) are only 8% of SPY but they’re partying like it’s already a recession
Staples (grey dash) are only 8% of SPY but they’re partying like it’s already a recession
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 08/31/2019 Weekend Update
Look at it YEAR-TO-DATE and see that Staples (XLP grey dash) are up almost as much as TECH ($NDX black), AND THAT IS INCREDIBLE.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.