34 replies to this topic

[pdx5]

 

This rally is making life difficult for the FED. The markets are laughing at their piddly small rate increases to tackle 9.1% inflation.

Disagree completely. They are right on target as inflation is decreasing substantially per the CRB.

 

 

ECONOMY

Inflation figure that the Fed follows closely hits highest level since January 1982

KEY POINTS

• The personal consumption expenditures price index rose 6.8% in June, the biggest 12-month move since the 6.9% increase in January 1982.
• Excluding food and energy, so-called core PCE increased 4.8% from a year ago, up one-tenth of a percentage point from May.
• The employment cost index, another figure Fed policymakers follow closely, rose 1.3% in the second quarter. The index climbed 5.1% on a 12-month basis, a record for data series that goes back to 2002.

https://www.cnbc.com...nuary-1982.html

 

[MDurkin]

[pdx5]

 

Good listening. Thanks for posting.

[brucekeller]

What about all the breadth thrusts lately? Like the exhaustive one with those 3 gaps downs about 6 weeks ago, or the ones we've been getting last week and this week? We are so close to a breakaway breadth thrust too.

 

[redfoliage2]

https://www.marketwa...ome-11659078978

[MDurkin]

 

 

Good listening. Thanks for posting.

 

Your welcome. I don't know how this is going to play out but it does not look good.

[fib_1618]

We are so close to a breakaway breadth thrust too.

Do you know if this indicator is Deemer’s momentum tool or something else I’m not familiar with?
 

Fib

[redfoliage2]

With this 95% sell signal flashing selling into bounces should have less risks than buying dips and that's what I just did ....................

Edited by redfoliage2, 01 August 2022 - 09:30 AM.

[redfoliage2]

I said at the June's low that the down gaps in June were likely to be filled.  With the recent rebound based on the wishful thinking/hyping that the Fed has done with rate hiking those gaps are now filled.  But now I see that's about it for this bear market rally and the Fed is not done with rate hiking and nor with its liquidity reduction.  So money can still be made by selling into ST bounces ......................

Edited by redfoliage2, 01 August 2022 - 11:27 AM.

[redfoliage2]

Just keep selling into bounces .......................