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!

Market Has Its Biggest Sell The News Moment Ever

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

Since there always has to be some presumed reason to explain market action, this morning the headlines blared that the “debt ceiling deal” was the cause for all the green. Ah, yes, the debt ceiling, which for years has simply been increased every single time Congress has needed it to:

Liquidity moves markets!

Follow the money. Find the profits! 

And, thus, with this prudent measure in mind, the citizens of the U.S. have been spared reckless deficits:

I honestly don’t know why they waste the digital ink on such nonsense. Anyway, the ES and NQ are both up as I am typing this, although I’d like to point out that the trend recently has been a series of “surge and purge”, resulting in steadily lower highs.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. 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. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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

Leave a Comment

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