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General Market Commentary
Gold up $400 from March lows...
U.S. financial markets will be closed on Friday and the bond market will close an hour early at 2 p.m. Eastern time on Thursday. Virus still on the rise, Stay safe and stay well. Virus still on the rise, Stay safe and stay well.
6/25/ am > Broad market wobbling around like a spinning top... CLM chart is sell after nice run from late March. Renko with Sars is working nicely.
Watch the $NASI for the top and rollover...
6/17/2020 > Making money in the markets is not easy without discipline and patience. The chart of Trade - BCRX - Weekly 20 Yr Area, 1024 is the chart of the decade excluding AMZN and AAPL. Am thinking about throwing half the chart list out and replacing with trade charts only. Any imput out there?
Have added a new section listed under Trades. Market appears to be fully valued but exuberance can always be interesting. Fear and Greed index this morning at 66. The $INDU is up 8970 points since March 23rd, an amazing feat especially during a pandemic!
Have a great day my friend...
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
Wealth is good, health is better and God is Great!
Using a Renko weekly chart may not catch the full price move but prevents the whipsaws of daily (or less) time frame charts. If 75% of a winning trade, can be captured, wealth can build quickly. Dont forget that high dividend monthly return and dont forget using stops...
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