Op ex week was the most diabolical i've seen in a long long time.. A lot of carnage here folks...The street is trying to discount a rate hike coming soon. Once it's done i am expecting a nice rally possibly this week after Alan G does his thing on the hill. Oh we are going to get a hike but so what.? Did you see the action on Friday? the futures are flying and stocks are getting hammered...
The job market is far more important to the economy than a .25 basis point rate increase. More jobs mean more money to buy goods and services. Bigger and better profits for the companies we buy from. So stay cool here..the charts look ok to me..
The line in the sand for me is a break of 1116 ES M4...set alerts and be careful...
On TV last night a major channel CBS or NBC had a bit on TASR i would buy this stock in your IRA and hold it there. This stock and their product has major world wide implications. They mentioned in Miami the police have not fired a bullet for 6 months...you tell me...
good luck this week, let's get a solid countertrend rally going...
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