Wkly Market Round-Up thru Aug 26th 2016: The Boy’s hate Aunt Bee’s Blueberry Pie!

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Aug 272016
 

Well, the ending to this week was capped off by some of the worst communication strategy I have seen from the FEDs…Aunt Bee [A.K.A. Janet Yellen] spoke from the Fed’s Anal Symposium (sorry, I meant to say the Annual Symposium) from Jackson Hole WY (appropriately named of course!)…she started talking at 10 AM EST (and a transcript of her speech was released as she started) and the market price action seemed to say, “OK, we can prep for one rate hike; –and the idea of a very slow and cautious glide path for future rate hikes makes sense”…so price action turned more bullish and volatility actually came down some…then, no sooner had she finished her talk when “The Boys” from the FED, like J. Bullard came out on the press circuit and said, we can see not one, but TWO! rate hikes in 2016! Now price action of course reacted very poorly to this concept and the outcome was predictable; -bonds lower, USD higher and Gold; –well it was a bit confused…Volatility also shot right back up as well….So in summary here, the FED communication strategy needs an attitude adjustment! Here is my take on the markets below:


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 19th 2016; –Bulls out of breadth?

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Aug 202016
 

Hey Folks, as we enter into the middle of August we still see over 6 weeks in a row of green candles showing the surprising strength of this market; –but not surprising to us as we could see the market action moving higher according to our chart and price action. Now what? I do see some near term weakness in the markets so check out this weekly update to get my take;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 12th 2016; Price action still favors the bulls — for now

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Aug 132016
 

Hello everyone, I hope you are enjoying your weekend as we move into the middle of August, the traditional weaker time for the S&P 500 price action. Thus far, we are moving according to our initial price target of 2200, even if it is a grind! And yes, I agree this upward appears most illogical compared to a lot of the US Economic data I have been reading…but as we have said here time and time again, prices will move towards the path of least resistance and thus far, that appears to be higher. How much higher can we go? Get my take on the markets in this video below;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Aug 5th 2016; –Strong Economic Numbers – Positive Price Action!

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Aug 062016
 

Hey Everyone, is it actually possible to have strong US Economic data hit the wires and then have price action respond favorably? I.E., Good News is Actually Good News? Well, in my opinion I believe the markets still are treating good data as bad news for the market price action however, I feel we have now reached a point where the markets do not believe the FEDs at all! Nor do they believe the FEDs will raise the interest rates before the Presidential Election here in the US. In fact the probability of a FED Rate hike before the end of this year is still under 50% according to the 30 Day Fed Fund Futures markets…so the markets are now starting to discount possible near term FED action….of course what this means is when or if the FEDs do raise the rates the price action will not like it at all and will more than likely react poorly….but I guess that is for another day and another time…for now, it is up and away! Here is my take on the current markets;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru July 29th 2016: Is there a New Sheriff in Town?

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Jul 302016
 

What a week! In the most hated bull market I can remember, prices just seem to resist any downward move by fighting and clawing higher! Bad economic data will not stop this market from moving higher! Here is my take on this current market environment and what we could possibly expect near term and then looking out towards the end of 2016.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Round-Up thru July 22nd 2016; Shoot-Out at OK Corral

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Jul 242016
 

Folks the markets seem to have a life of their own with this consistent grind higher. The Bears have almost thrown in the towel! I have consistently told our members we can expect to see some higher pricing yet the markets are starting to show some signs of weakness as we continue to make new all time highs. I imagine this scene from days long ago in the US Old West the Shoot Out at OK Corral. Only in this case it is between the Bulls and the Bears. Get my take on the current price action and what we can expect as we move into the end of July.

 

Don’t Be A Rat Brain Trader — Trade Smart !!!
hpb