Good news and bad for you. The good news is the market is closed on weekends. The bad news is follow-on downside is possible into Tuesday, at which point a turnaround is possible.
Even though our Trading Model has been short 7 out of the last 8 weeks, it’s still a worrisome possibility in our charts that this is a Wave 1 down, not a IV correction before a final romp higher. We’ll give you the trading targets and the charts in a minute.
The real problem we all face is this: Your retirement is under attack in a serious way now, a topic we will cover more in coming weeks. Whether by handing it out to immigrants, or the falling rates of return due to low interest rates, retirements are not looking good.
The short-term problem with the future is that it’s a “negotiation” and all the interested parties who have some skin in the game will try to push things one way, or the other.
What to do?
We skip our usual headlines this morning and propose a novel course of action for the Fed to take before its next meeting. It’s a longish report since I’m distilling it all down to the bare essentials as best I can. But as our long-running Global Index shows, the global finance is a closed system. And we’re all locked in this prison cell, like it or not.
We will attempt an integration of market technical analysis, information analytics, futuring, and a discussion of what the real-time present economic condition of America is.
Three cups and maybe four worth.
Note to New Readers: If you are not familiar with “long waves” in economies, please see the wiki entry here for a discussion.
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