ES Journal - 2019/2020

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Mkts now in a pretty tight range compared to the previous 4 weeks .It seems to be blowing off bad news and grinding around . Whats needed to take out the 2176 news is expectations that this last into next fall and winter
 
Rarely, do you get a longer term buy signal as strong as I saw on today's and this week's closing. Next week is going to be a barn burner-----Especially with the pandemic over.
 
Bad news already factored in. We would have to have a new, surprise catalyst. If this were under a Hillary or Obama administration with massive new regulation, the market would be at 1000 right now.
 
My concerns with a rally is early than anticipated hyper inflation(not that it's guaranteed to happen, just saying). I know FED does not want deflation and has done a good job of keeping money supply out of the public's hands, not sure if the what they are currently doing is going to be as effective in doing that or if other countries will start to lose faith / purposely try to hurt USA further.

Anyone that's maybe more knowledgeable want to touch on this some? Normally I am 100% chart person, but when things are this extreme I like to factor it in if it makes sense to.
 
trdes said:
My concerns with a rally is early than anticipated hyper inflation(not that it's guaranteed to happen, just saying). I know FED does not want deflation and has done a good job of keeping money supply out of the public's hands, not sure if the what they are currently doing is going to be as effective in doing that or if other countries will start to lose faith / purposely try to hurt USA further.

Anyone that's maybe more knowledgeable want to touch on this some? Normally I am 100% chart person, but when things are this extreme I like to factor it in if it makes sense to.
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Unlike in the US, where they're handing out stimulus checks, South Korea is issuing gift cards with expiration date. How smart is that? :finger:
 
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