Today started off with a huge internet outage and DDos attack to major site on the web. The markets seems to only react to the initial news early this morning then spent the whole day grinding higher. There are a lot of issues overhanging this market.
Interest Rate Hike
Probably command the top 2 spots, The rate hike is well telegraphed and should be priced in by now, but the election is a big wild card. My call 2 weeks ago had been for a pullback into the election. So far nothing significant has happened to the downside and it looks like all the news that could be effecting the markets are no effect on it. I mean today it seemed like there was a huge cyber attack on the US and the markets rallied into it. This tells me a lot and its all great for us. The markets are controlled by the machines, Dark pools algo’s, black boxes..and more. The levels that we tracks and point out real time for sell signals and buy signals are consistently accurate to a point where you have to reasonably conclude these mathematical formulas that underly the signals are in sync with the algo’s. Even today when I got out of a trade because i “thought” to much about it and took it off . That setup worked out fine even though I didn’t believe it for some reason.
There is a lot to look at next week but the safe bet is to cut back and lighten up. Identify the trend for the day if it is effected by news then trade with trend taking signals in favor of trend and not against it. If there is not trend and it appears to be part of a consolidation phase or rest, then use signals on both side Buy and Short.