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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GoodGord who wrote (111881)	10/3/2018 8:16:22 PM
From: GROUND ZERO™	Respond to of 220568

Yes, for the banks... GZ

To: GoodGord who wrote (111881)	10/3/2018 8:25:34 PM
From: GROUND ZERO™	Respond to of 220568

I agree that higher rates doesn't automatically mean lower markets... just that it looks like a good time to take a breather, these markets are obviously way overbought and have been for a long time... the SP is 21.8% above it's 200 DMA, that far above the 200 DMA typically triggers some selling back to the mean... but this time, who knows... the futures are lower right now but could be way up by morning... GZ