There is a Fed Fund Rate meeting coming up on Wednesday and the day after the CPI data. The problem, Greg has that the fund rate is coming up relatively quickly. The bigger issue is the Rate of Change (ROC) moving up so fast. Cars are being priced at 7%-9% interest rates now, and that is affecting what cars people are buying. The Bank ETF has lost the 2- year relative strength trend. Bottom line, Greg emphasizes caution.
Connect with Greg -
Website: https://ospreystrategic.org
Twitter, @SchnellInvestor: https://twitter.com/Schnellinvestor
Blog: https://stockcharts.com/articles/canada/
Erin discusses why the market is looking weak. She also gives a shorting opportunity.
Connect with Erin
https://decisionpoint.com
https://stockcharts.com/articles/decisionpoint/
https://twitter.com/_decisionpoint
https://www.linkedin.com/in/decisionpoint/
John presents his 5 most important charts, data series, and Asbury Research’s quantitative models that will be the most influential to the US stock market direction in the near future.
Connect with John:
https://www.linkedin.com/in/johnjkosar/
https://www.linkedin.com/company/asbury-research-ll...
Join Bruce and John (Johni Scan) Colucci as they talk about going with the trend, focusing on the 39 week moving average relative strength.
Connect with Bruce -
Website: https://wyckoffanalytics.com
Blog: https://stockcharts.com/articles/wyckoff/
https://twitter.com/rdwyckoff
Connect with Joh...
