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Saturday, September 14, 2024

Another Awesome Trading Week! 401k Money Put to Work

 Another Awesome Trading Week

The market played right into our hands again this week, as Semiconductors led a massive broader market rally on Wednesday, at precisely the target I offered in the last 2 blog updates. 

Documented 


Results

By Friday's close the market had rallied 1400 points off the target. Not a bad week. 

Of course Semiconductors led most of that rally, and that's where the real money was made 

By Friday's close the $SOX had in fact rallied nearly to the target 

401k Money was Put to Work on Sept 6th

So, in hindsight I've been absolutely killing it lately! 

I think the market can even go a little higher here, as investors are supposedly pricing in a super-sized rate cut - ahead of next FOMC announcement - but I want to reduce risk, ahead of that news. 

In a shaky market like this it can be hard to predict past a week, or 2, and charts can change in as little as 1 day, as we've seen over the past couple Monday morning surprises. 

At the end of the day, Friday short squeezes, and relief rallies are a dime a dozen, and when we see normally rational investors running to the safety of Gold, that should raise red flags.     

This is not an ordinary market, or a healthy market.

Of course the enemy of the people - the lame stream media - will point to rallies like this week, and try to convince you of exactly the opposite. 

Don't believe it


Take Care 

    


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