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!

Phase Winning

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

I’ve said it before, and I’ll type it again: if the present administration knows what’s good for it, it won’t actually sign any deal. It’ll just keep talking very, very slowly) for the next year, nursing Trade Talk Optimism the entire way. The worst thing that could possibly happen to this market would be an actual, sign, complete trade deal. Another tiny top has been aborted with an Optimism spike.

Liquidity moves markets!

Follow the money. Find the profits! 

Another gust of wind at the backs of the bulls (as if they needed it) is financials, which have been breaking out. XLF has been pushing to lifetime highs on a daily basis, and KBE, the other big bank ETF, is also emerging from a range it’s been trapped inside all year.

The only wisp of a cloud in the radiant blue skies of the Bull Empire is that it’s just about time for volatility to return. The cycle of (a) spiking, (b) slowly calming down, (c) going sub-teens is grinding away to what, from a time cycle perspective, should be its terminus. Here’s the VIX:

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Your email address will not be published.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.