Hello everybody,
Well, it was touch and go yesterday as the index hovered above our lower signal line for some time before going down below it. As a result, we remain on the sidelines without a position. The volume of trading was low, about half the usual, with traders obviously undecided as to where the stocks are headed. With much uncertainty around (trade negotiations, impeachment, now NATO differences into the bargain etc.), we may well see another December slump as in 2018.
Meanwhile, an interesting figure from Joe Brusuelas, chief economist at RSM (audit and consulting firm): US services companies have added 1.4 million jobs this year, compared with just 2,000 for manufacturing. That's some food for thought.
Anyway, good luck and happy trading,
Vlad
Well, it was touch and go yesterday as the index hovered above our lower signal line for some time before going down below it. As a result, we remain on the sidelines without a position. The volume of trading was low, about half the usual, with traders obviously undecided as to where the stocks are headed. With much uncertainty around (trade negotiations, impeachment, now NATO differences into the bargain etc.), we may well see another December slump as in 2018.
Meanwhile, an interesting figure from Joe Brusuelas, chief economist at RSM (audit and consulting firm): US services companies have added 1.4 million jobs this year, compared with just 2,000 for manufacturing. That's some food for thought.
Anyway, good luck and happy trading,
Vlad
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