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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 670.92+0.1%Nov 7 4:00 PM EST
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To: yard_man who wrote (53622)8/16/2013 10:02:50 AM
From: Hawkmoon6 Recommendations

Recommended By
Brian Sullivan
D.Austin
ggersh
kimberley
Lazarus

and 1 more member

  Read Replies (2) of 218590
 
It's definitely showing the RUT to have broken a shallow H&S formation, and I think that is being resolved now..

But still a bit early to say that it's a "no-brainer".. especially if we see a rally off of yesterday's bloodbath..

The WMT news was terrible, and it's an indicator that the economy is still dragging to the point that even the discount retailers are seeing stress from a constrained consumer..

If the FED was ever looking for a reason to hold off on "tapering", this might be it. Deflation is looming even stronger.. And the market is dreadfully afraid of the Fed weaning us off the easy money..

And this gov't is so debt ridden that they don't have any room for more stimulus without major support from the Congress.

Much better would be to reform existing social programs and convert them into "workfare" wherever possible so that job skills are retained and people are put to work providing some ROI on the money spent to sustain them.

And we also need to dramatically invest in efficiency and productivity enhancing technology, as well as educating our people to enter these new fields.

Hawk
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