Loading ...Believe it or not, we’ve really only had one really bad day this week and that was Powell’s testimony on Tuesday. Other than that we’ve been hugging the flatline for the most part in the shares.
We’re still oversold in the ETF’s/Indexes, and below the 200 dma already, so I guess that’s turning into resistance – or at least trying to.
Lastly, just biding our time until another jobs report comes out. I’m hoping for a weak report and revision to last months. Anything over 200K on the jobs front and we probably get whacked.
Pretty simple, we’re either going to turn the corner today or we’ll break below 210 on the HUI and the correction continues. Too bad we have to be concerned with an economic data point to figure out where we are going short term.