claydoctor

DOWI broken trends are clear evidence

Short
DJ:DJI   Dow Jones Industrial Average Index
0
what are you waiting for a ticket to ride? Hogs get slaughtered. Don't be greedy, be smart. Weekly RSI breaks are nothing to play around with, you will get burned. Time period says we are done. Without the support of IYT and IYR DOWI going down with them. Rates are already rising, will cool the real estate market, mortgage rates rising now. Inflation rising too. September rate hike will happen, AND IS NOT BAKED IN YET. Bond markets are compressed, and although the hike may be small in number, its effects will be much more than money managers are saying. (and they wont say until it happens, in the faint hope that their "talk" will be right. A stronger than expected Thursday employment number could EVEN CAUSE THE FED TO HOLD A MID SCHEDULE MEETING TO RAISE RATES. You say they would NEVER DO THAT because it would spark fear, well they may have no choice, since they should have raised in June, but the international mess and the IMF asked them not to, why else would the IMF have spoken publicly? Because they had to. When people in power start doing unconventional things because they have to, it makes me nervous and says they are losing control and are more likely to have to do unconventional things again. Like raise rates even before the scheduled sept meeting.
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