Something I forgot to mention in Friday's update, is that the selling we've been seeing, just looks like a simple rebalancing, as we trade into the end of the quarter.
We're also seeing a rebalancing at the end of the quarter; something I plan to blog on next week. Bonds must be invested in, so they took profits in energy, and trashed tech stocks. It's a shell game #WallStreet
— Veteran Market Timer (@3Xtraders) September 22, 2023
As most of you probably already know, I'm all about trading the calendar, and for good reason!
'Sell Rosh Hashanah, Buy Yom Kippur' Strategy Makes Dramatic Return In benzinga.com
There's something you won't here reported by the corporate owned lame steam media!
Another thing I didn't hear reported was Friday's rally in Chinese stocks. Was this short covering ahead of Yom Kippur?
Here's something else you won't hear reported by the rats in the MSM
Friday's action ended weak as expected, and I used that weakness to my advantage, taking profits on most of my remaining short positions, in the final minutes of trading.
$SPX - retests Thursday's lows, at the close
$SPX market futures higher after Friday's little retest... #DowJones #SP500 #Nasdaq #Stocks https://t.co/Xk9ec5ZjzG
— Veteran Market Timer (@3Xtraders) September 25, 2023
Looking back at last week, we only really saw 2 days of heavy selling, although technically it was a 6 day losing streak, on the $NYSE
$NYSE - See the shakeout just below the 200 day moving average.
That becomes the level to watch/ trade.
Here's something that's worth watching on October 4th:
Although I don't believe this test will end up looking like a real emergency, I do believe that the next psychological operation (PsyOp) is being planned for 2024.
Take Care,
AA
No comments:
Post a Comment