The three powerful white candles, beginning last week Thursday, no doubt convinced panic sellers that things were actually just fine. Of course, it was better to reduce size this week than last week. The seasonality issues with September/October are worth taking into account. XLI hasn't made a new high and is a bad day away… Continue reading 8/26/21 The Far Turn
The usual recent story. Nervous nellies who sold on the itty bitty weakness missed the move. The witch (or whatever) of September is still two weeks away.
I've been doing research on statistics. When statistics become interesting, we can infer that the market has been boring. However, it's rarely a bad guess to expect market weakness in the September/October period, and it is already late August. Some of the sharper tools in the shed, are tuning into that. The good and bad… Continue reading 8/19/21 A Little Volatility