It’s that time of the month again and that means blood spills all over the place and rapid changes of emotions for no apparent reason. Of course I’m talking about a Fed announcement day which is the financial menstrual cycle determining the fertility of your bond holdings and thus implicitly the value of the remaining currency in your pockets. Not wanting to get pregnant ever again after one too many abortions the Fed chose a multi-level regiment of birth control measures in 2008 and then proceeded on a financial partying spree, with apparently no end in sight.
As this trading week gradually draws to its end may I just pause for a moment and proclaim that I am pretty damn pleased with myself. And so should you incidentally, assuming you had the good sense to be trailing at least some of our campaigns over the past week. If you happen to be a subscriber in particular, and have been paying attention, then your account should be flashing solidly green this morning. Which incidentally should easily compensate you for another year of Evil Speculator goodness. Although that may be contradictory in theory we continue to make it work somehow. And why change when you’ve got a good thing going?
Being a financial blogger is a double edged sword. Sometimes I sit down to write a post and the words literally stream out of me, I’m barely able to fit it all into one post. Of course you immediately know when you wrote a good one and participation usually mirrors your own energy. As such what you put into it is what you get out, it’s a two way street.
We seem to remain on course and the current push back observed almost across the board could actually turn out to be a positive as it establishes a retest zone above our entries. Of course this assumes that this correction does not turn into a more pronounced sell off. So let’s start with reviewing some of our ongoing campaigns: