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Low volume back to the way it normally is, low volatility and much better price action patterns.
As I wrote a couple of days ago I feel like I am waking up from a bad dream. I keep thinking I had lost it watching stuff make huge moves for no economic reason. Now I know it was the demons unleashed by the Fed . As the popular movie clip says be first, be smarter or cheat. Now we know they were cheating using Fed liquidity funneled through the owners of the Fed. And I have not had a permanent impairment to my thinking or values, just didn't know that the rules had changed once again.
Chip shortage fears have been realized, as both GM and VW have warned about production difficulties tied to chip shortages on Thursday, today.
resulting in multiple GM plant shutdowns
GM expects the problem will reduce its operating profit by $1.5 billion to $2 billion this year.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Wow, the (sarcasm on) rare late day push up. Obviously looking to get within striking distance of the high. Biggest problem is the ramp express has not been running this year, waiting for that new stimulus to rebuild the train.
If they get close the after the cash close move could set the stage for Asian traders to make new highs, or not.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.