According to my turn system, the days with the highest risk of a turn or acceleration of the current trend next week are Thursday and Friday February the 13th and 14th. Like last week my gut says that Monday the 10th should also be included given the buy the dippers' and FED pumpers' total abhorrence of two down days in a row.
Last week my gut was right about a Monday turn. Tuesday identified by my system was an acceleration day to the upside, but it was so close to the turn Monday that I think I have to debit my system with a miss on that one. The Friday turn call was a direct hit, The lunatics will be out in full force early next week due to the full moon madness market weakness territory. Monday might just turn out to be a classic battle of lunar tidal forces versus FED pumps and buy the dippers to determine if the turn this past Friday was just a one day wonder.
A few days a ago I caught a cold from a sneezy neighbour. It's crickets around the house. My pub buddies are avoiding me like I got the plague, and this is just a garden variety common cold. If my experience is anything like what is going on across the globe with this coronavirus thing, the GDP (at least from ale buying) is going to take one heck of a hit this quarter.
Regards,
Douglas