Key Support Levels To Consider For the US Markets
Allison Ostrander, Director of Risk Tolerance at Simpler Trading joins me today to share the key levels she is watching for the S&P. If the S&P can hold the 2,600 level on a weekly chart then it could be set up for a rally. We also discuss the sectors that she think could garner a buy and support the markets moving higher. It’s not the risk-on high flying sectors.
Click download link to listen on this device: Download Show
Click here to visit Simpler Trading and find out more about Allison.
Off topic:
Before Comey was FBI director he was CEO at HSBC.
Do you know which bank the Clinton Foundation did their banking with?
HSBC.
Just stew on that for a while.
Coming up tomorrow….. Congressional hearings on Clinton Foundation start.
Why of course……..HSBC……has been corrupt from the beginning……opium drug runners…….
..woops…the fed is now insolvent. And if they are insolvent, they can’t buy bonds (not that they bought bonds anyway) and the treasury has cut them off from obtaining bonds. And if they can monetize bonds, they can’t print money, and if they can’t print money, they can’t control monetary policy…
Bye bye fed!
https://www.zerohedge.com/news/2018-12-12/fed-net-worth-turns-negative-following-record-66bn-paper-losses
“…(T)he reality is that the Fed now likely runs with a negative real capital balance, meaning that the US Federal Reserve is now essentially insolvent.” — ZeroHedge almost 9 years ago 🙄😂
https://www.zerohedge.com/article/federal-reserve-insolvent
If the MSM ever gives serious airtime to the Fed’s insolvency, it will be theater designed to set the stage for the government to ride to the rescue (in the minds of sheeple everywhere) and nationalize the bank.
Great follow up post………what a hoot……….never ending…Central banks are totally in control……….jmo
Not belittling Chartster……..for that was a great post also……….jmo
Can’t* monetize bonds.
Scum line………….”you do not need an attorney”………lol
https://www.zerohedge.com/news/2018-12-11/total-setup-fbi-told-michael-flynn-ditch-lawyer-during-interview-strzok
During a phone call with Flynn, McCabe suggested that if anyone else was in the meeting, the FBI would have to escalate things to involve the Justice Department.
Things are about to heat up…………happy holiday……..
Macron -18% popularity?! HA! Marie Antoinette enjoyed more popularity, and look how it ended for her!
He’s on his way out.
Military is fully funded with $606 BILLION , maybe, that is why Trump told Nancy and Chuck, for chump change of $5 Billion , the Army can build the wall.
Going to be HUGE>>>>>>>>LOL
U.S. debt poised to hit 22 trillion dollars this month, the debt says it all! DT