Visibility: Public
Read/Watch Time: 24 minutes
The Federal Reserve initially said that inflation was Transitory.
This means temporary or basically…uncertain.
The current rally in stocks could be temporary or… uncertain.
There are lots of reasons to believe that this market should go down. Economics… geopolitics… war… inflation… increasing interest rates… and others.
There are also other reasons to think that this Bear Market is over.
However, it’s a good thing that we follow price. When the market is confusing… follow price. Always follow price.
I would rather enter the battlefield walking behind the tank instead of in front of it. Let’s follow the direction of the trend.
Price will show us the way.
Let’s buy what is working (Pillar #2) and sell what is not working (Pillar #3).
Please feel free to teach this to your family and friends. We appreciate the referrals.
Here is the video link: https://squiggletrader.com/wp-content/uploads/2022/08/Markets-Update-Transitory-08142022.mp4
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer: This communication is not a recommendation to buy or sell any security. It is not to be considered financial or investment advice. This is an educational and training tool only. If a specific security is mentioned, it is for illustrative and hypothetical purposes. You must use your own knowledge to determine what to trade, how much to trade and when to buy or sell. Investing and Trading involves risk and you can and will lose money. Past performance is no indication of future results. You should practice with fake/virtual money (paper trading) before risking real money. All communications and videos are for members only and are not to be shared. Consider all content copyrighted.