Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Legends of the Fall

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

What a superb day. We were all worked up about Powell, but Powell didn’t mean dick. It’s all about China again. And as delighted as I am that bulls are losing money, we must keep in mind that this is still a series of higher lows. We must break the prior low to get some real action going.

Liquidity moves markets!

Follow the money. Find the profits! 

What’s key at this point is for the banks to fail. Personally, I am 170% short, with 55 positions, but obviously I wish I was even shorter than I already am.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.