Since last Friday March 22, we have doubled the number of subscribers.
We want to take this opportunity to send a warm welcome to all our new readers.
Today we went back through our previous emails and found this message, which we sent out on February 23.
“And the day of reckoning is unlikely to be Mar 1 which is the deadline of the trade deal.
It will most likely be Mar 20 when the Fed announces results of the next FOMC meeting: hike, cut, stay put?”
So that proved to be prescient, didn’t it? :-)
Right now, our trading system is telling us that change is coming. However, in the short term, it’s neither what the bulls nor the bears are expecting.
For the last 6 months, we have been trading in a strong directional market.
First stocks went straight down. Then they went straight up.
So we all have been used to catching a ride on the strong directional waves.
We temporarily forget that market can spend a long time in a tight range.
And that is what our system seems to be telling us now.
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