Momentum measures the in closing prices and is used to detect trend weakness and likely reversal points. It is often underrated because of its simplicity.
Short term (next 6-8 weeks) I'm not so .
As we approach March (more ) I will continue to moniter the status of the United States debt.
Questions that need answered:
How will credit rating agencies handle another United States $1.1 trillion debt increase without a plan to decrease liabilities? Taxing the top 2 to 5% wage earners at this point is not enough. Cuts in Social Security, Medicare, Medicade, Federal Employees, Federal Employee Pensions, Defense Spending all need to be on the table in order to prevent another credit downgrade.
How will United States economy trend with less Federal expenditures? The US economy has been largely dependant on debt for more than 10 years.
Will the continue to purchase US debt? The is now the largest owner of US Debt.