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McClellan Summation Index


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#21 redfoliage2

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Posted 14 June 2021 - 10:58 AM

The market is patiently waiting for the directions from the Fed, expecting big moves, up or down later in the week .....................................


Edited by redfoliage2, 14 June 2021 - 11:02 AM.


#22 redfoliage2

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Posted 16 June 2021 - 10:34 AM

I expect no negative surprises out of the Fed meeting after 2 pm today, so we should find the market happy in the afternoon.  But let's see  ...........................


Edited by redfoliage2, 16 June 2021 - 10:42 AM.


#23 redfoliage2

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Posted 17 June 2021 - 09:29 AM

Yesterday the Fed sent a negative surprise on the inflation/rate outlook causing some selling in the market.   Let's see how soon this dip will be bought.  I bet it will be bought again as usual  ..................................


Edited by redfoliage2, 17 June 2021 - 09:31 AM.


#24 redfoliage2

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Posted 17 June 2021 - 02:10 PM

Obviously there is no shortage of dip buyers as NAZ is poised for new highs again.

Who cares a little rate hike in 2023?  That is still two years away..............................


Edited by redfoliage2, 17 June 2021 - 02:15 PM.


#25 redfoliage2

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Posted 18 June 2021 - 09:21 AM

ST bearish........................