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- Last Update: 15 August 2018, 20:36
General Market Commentary
Two buy signals at close yesterday were ZBIO and CANN... For those interested: a Hindenberg Omen was generated yesterday Aug 14 th, now along with a Phi Mate turn date on Aug 8th. These both come together at a market high? Meaningful? You be the judge my friend...
Aug 14 8:30 pm > The Congressional Research Service estimated that, between March 23 and July 16, the U.S. reaped $1.1 billion and $344.2 million from levies on foreign steel and aluminum, respectively.
And the Treasury's borrowing to fund government operations is set to top $1 trillion this year for the first time ever. 'Because of Tariffs we will be able to start paying down large amounts of the $21 Trillion in debt that has been accumulated,' Trump tweeted on Aug. 5. 'At minimum, we will make much better Trade Deals for our country!'
1.5 billion so far against 1 trillion more debt this year?
Aug 13 Mon 3 pm : $SPX 1 yr projection chart #6 says it, to the top of the trend line at resistance, trend failure, then down. Read the 2nd and 3rd sentence on the Aug 9th commentary. Aug 8 was a PhiMate turn date which arrived at an $SPX long term double top. How convenient! Markets look tired here...
Aug 7 Tues 1:30 pm > End of August may show different attitude or altitude...
Every time a loss is taken in a trade, one must wonder how that loss will or can be recovered... Never let losses run...
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