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Well. Nothing ventured nothing gained I guess. Went partial exposure in the I-fund for Thursday and...gulp...hoping for the best. :worried:
 
I'd be careful with the I fund. Might be OK for a trade is all. The Euro has dropped below important support and per Martin Armstrong has signaled the beginning of a crisis in Europe. Basically the U.S. market is now the last life raft the rest of the world is grabbing onto, so that will hold up and propel the U.S. market for a while, but once all the foreign buyers dry up we'll all sink together.

https://www.armstrongeconomics.com/...htmares-are-staring-to-take-shape-in-reality/

https://www.armstrongeconomics.com/blog/
 
I hear ya. Looking for a spike up and then I'm out. I keep failing to learn the lesson to just stay out of the market in August. Always seem to get burned in August. If I get burned again I think I'll put a giant X thru August and a 'warning do enter' sign to boot. :laugh:
 
There's an interesting spike in positive seasonality on Aug 17 on the August 30-year seasonality chart for some reason. Are we getting a dose of that a day early this year?

0816180810a.gif

Chart provided courtesy of www.sentimentrader.com
 
I'm guessing it's just another dead cat bounce from yesterday's sell-off and we will be giving some of this back tomorrow. Let me know if you hear it meow because I'm not convinced the cat is alive yet. :notrust:
 
This is an example of what I am talking about (in my commentaries) when I say that the indices can be easily pushed around during light volume trading days.

081718a.gif
 
It's a strong morning for stocks with small caps breaking out of their summer consolidation , finally. But most of the major indices have some longer term resistance to deal with so let's see how this closes...

082118a.gif


082118b.gif



082118c.gif
 
Along the same lines, yields rallied on Fed's comments this morning, but since has headed back down and so far creating a negative reversal on the chart. Watch 2.8% for possible breakdown...

082418b.gif
 
Another gap down for the dollar but it's trying to crawl back. The question is whether it can get back above that old support line.

082818a.gif



Meanwhile, the I-fund took out another layer of resistance...

082818b.gif
 
Looks to me like our 3 stock funds were basically flat today. That's pretty good considering we were expecting turn around Tuesday to take back some of yesterday's gains.
 
The 10-year yield filled August's gap after the job report was released, which was a little inflationary. Will it hit 3% again or will that descending resistance line hold it back?

090718a.gif
 
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