Hey Folk
Exciting next week. on the 16,17 Sept next week we have the FOMC meeting. Rate hike or not is in that meeting. Whatever the result is we have F1 on the 18,19,20. So if FOMC do not work in your favour, chill over the weekend and start thinking only on the following Monday. Sibor will rise if interest rate rise took place so keep a look out of your loans.
Unemployment has dropped, however inflation is still not seen. I do not have a crystal ball to see if a rate hike will happen anot. The market this week show us very much that it is in a sideways waiting for the data next week.
Stock Market
The stock market on the weekly is on a downtrend. However it did not break the pivot at about 1833. Price have been moving in a range since 27 Aug which is about 2 weeks ago. My range finder which is a combination of indicator are telling me that a big move is coming. Let hope I catch it.
Exciting next week. on the 16,17 Sept next week we have the FOMC meeting. Rate hike or not is in that meeting. Whatever the result is we have F1 on the 18,19,20. So if FOMC do not work in your favour, chill over the weekend and start thinking only on the following Monday. Sibor will rise if interest rate rise took place so keep a look out of your loans.
Unemployment has dropped, however inflation is still not seen. I do not have a crystal ball to see if a rate hike will happen anot. The market this week show us very much that it is in a sideways waiting for the data next week.
Stock Market
The stock market on the weekly is on a downtrend. However it did not break the pivot at about 1833. Price have been moving in a range since 27 Aug which is about 2 weeks ago. My range finder which is a combination of indicator are telling me that a big move is coming. Let hope I catch it.
This is the S&P500 chart.
Price are hovering within range. The bottom white box is the support region that I am talking about and is not broken yet.
This is the STI chart
Same as the S&P500 we have a support region. STI is a follower market, so it is harder to read than the S&P500.
Let all wait for next week. Probably things will be clearer.
Seasonal tell me that we are going lower, however seasonal for years ending with 5 show that we are soon going higher. So is more like a reference.
short and sweet
cheers
