Courtesy of Read the Ticker
Say the FED turns dovish, a dramatic change from the last few weeks of hawkish talk, then the old stars will move higher.
Could the FED turn dovish, say 1x rate hike and done.
Of course when the wider market wakes up and sees the economic risk of higher rates on the massive debt load, the FED will change their mind.
Review the junk (JNK) and emerging market debt (EMB), it is already stressed (also see the credit market ‘Move Index’), in the past the FED has started the easing cycle when these markets have reached this level of stress.
Keep an eye on Ethereum for a run up to $15,000 USD.
Chart 1 – Channel momentum
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Chart 2 – Cycles
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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote…
..“Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.”..
Jesse Livermore
..”A government is the most dangerous threat to a man’s rights: it holds a legal monopoly on the use of physical force against legally disarmed victims”..
Ayn Rand
..’The inherent vice of capitalism is the unequal sharing of blessings. The inherent vice of socialism is the equal sharing of miseries”..
Winston Churchill
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
..”When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years”..
Stanley Druckenmiller
