ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: ajtj99 who wrote (41623)	11/2/2021 3:02:03 PM
From: Lee Lichterman III	Read Replies (1) of 97457

Today looks like the markets are buying the "transitory" inflation talk. Bonds up (rates down), commodities down, materials/miners down. Defensive stocks higher like drugs, staples, healthcare and even some telecom/cable stocks are up for the first time in weeks. It will be interesting to see if this is a one day thing or if it's the start of a new rotation. JNJ was on my hitlist of buys but it ran too fast. My system has not been giving me the headstart it is supposed to do lately a lot of the time. Frustrating. The only other signal I had was SLB but I'm not taking it due to energy sector weakness today. I'll just watch and see if it runs tomorrow. It was only going to be a 3 point play anyway.

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