To trade or not to trade?
Trump said yesterday that the US and China are scheduled to have a "conversation about trade" without giving any actual details after China said what the media are interpreting as signals they won't retaliate against the latest US increase but I interpreted as the usually vague niceties China tends to utter when they are about to crush you (see yesterday's report). ; Trump is like a cartoon character – with his economy going off a cliff and an election looming but, standing at the edge of the cliff with China about to push him off he says – NOW I have them right where I want them! ; ;
Sadly, this is not how it works in real life yet you can't tell that to investors who are being herded back into stocks by MSM pundits who are screaming BUYBUYBUY – as if this is the opportunity of a lifetime with stocks 2.5{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} below their all-time highs. ; I for one am disappointed, traders are supposed to be smarter than the average American yet they fall for this BS? ; Of course, the very, very low volumes on the S&P indicate not many people are really falling for it. ; The pattern continues that we have low-volume rallies and high-volume sell-offs so there are actually more sellers than buyers – they are just reeling in the buyers like fish on a hook.
S&P ETF (SPY) volume:
| Date | Open | High | Low | Close* | Adj Close** | Volume |
|---|
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SOURCE: Phil’s Stock World – Read entire story here.
