F.W.I.W. Update

As I stated in a summation at the end of my latest on Monday. To wit:

This type of price action used to be considered signalling for: confidence shaken, not solidified.

Today? It’s anyone’s guess, and guess it will be, because no one knows for sure, repeat, no one.

But, if past is prologue, meaning, what was once reliable is back? Then one should be paying very careful attention this week, especially with both the Fed Chair (Powell) and Treasury Secretary (Yellen) along with a host of others scheduled to speak publicly over the next few days, including the release on Wednesday of the Fed’s “Beige Book.” i.e., Things could move abruptly and suddenly – and not in a good way.

As always, we shall see. But see, I believe, we shall and soon.

F.W.I.W.” November 29, 2021

Here is where the “markets” currently stand just two trading days later, again, to wit:

As of, November 29th…

(Chart Source)

And today, December 1st…

(Chart Source)

And for those that missed the show today? The “markets” were at the top of that “Market opens…” area that’s notated, which was then a 1.5% and rising gap up, I stated (paraphrasing): Be very careful thinking this is some all clear signal, because it could be another epic fake-out.

And soon after the show went “Live” said “markets” reversed and never looked back – All. Day. Long.

This type of reversal is very uncommon where you are up some 1.5% and more across multiple indexes only to reverse and close down by the same. It should be a warning sign writ large in anyone’s mind from here on out that things have definitively changed – and not for the good.

Where we go from here in the near term is anyone’s guess, however, it should be noted that it’s very possible this current route is far from over.

One needs to consistently pay attention now more than ever.

As always, we shall see.

© 2021 Mark St.Cyr

Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.