The US markets still consolidating in a range at highs. watching breakouts or breakdowns for likely direction. sp500 watch around 2958 - 60 support and 3020 resistance. im thinking if up a melt up will happen. I posted my target for the dow in this bull market maybe a yr or so ago of 30k so lets see
confirmed the range on the sp500 with the move of the top of the range last night. still watching for the next move probably during and after fed meeting
still hovering around the top of the range , people might front run fed announcement such is human instinct but the real action comes after usually. anyway stock i mentioned a few mths back bynd beyond meat results out and price at 222 now not to shabby a performance and so quick. fast money eh revenue up 300%
bynd just announced a share offering just after i posted its price is now down 10% lol such is the stock a tradeers paradise , trades its free float nearly everyday lol
Would be great if that was all it took. Sell your shares and hold cash. Except. Interest rates are plummeting. Inflationary pressures are right up, such as wage increases, government and local authority charges. Everything is going up except for the inflation rate based on cpi. The method of calculating the cpi needs to change quite markedly. Cash used to be king, now cash is crap.
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