It seems that, until the presidential election is finally over, we will have to resign ourselves to playing an extended game of pinball. Of course sitting the remaining weeks out altogether and going on autumn vacation is an attractive option, but my subs are rather unforgiving when it comes to slacking on the job. So I’ll be doing my best to guide you all though the unfolding mess to the best of my abilities. Be advises however that playing the swings during a sideways period can easily lead to over trading. Make sure you are aware of the potential traps and thus keep your position sizing to a minimum whilst allowing for large stops.
It’s hard to keep up these days with the laundry list of potential market disruptors we are facing on a monthly basis. As I’m typing this Draghi is still dishing out empty rhetoric to anyone still cares following along after eight years of experimental monetary policies. Not surprisingly the Euro is in whipsaw mode as participants are feverishly weighing every single words for hidden coded messages or signs that free money train may one day come to an end. In the end it’s nothing but noise which will soon be forgotten as soon as necessity or convenience once more trumps public interest. Which incidentally seems to happen a lot nowadays, doesn’t it?
I don’t care what party you belong to or what your political beliefs may be – Democrat, Republican, Libertarian, or Constitutionalist. But when evidence of organized wide scale vote rigging comes to light then it is time to pay very close attention. As a naturalized passport carrying U.S. citizen the claim that systematic voter fraud may have been going on for several decades deeply depresses me. If the most basic mechanism of the democratic process – i.e. voting – has effectively been subverted then the edifice of our nation is crumbling and may just come tumbling down.
Last week’s decision to hold through a trading bot driven low participation reversal higher appears to have been a good one as of right now. At least the campaign managed to survive the weekend and that’s no small feat in this volatile market environment, which incidentally is why I am choosing my words very carefully. The ides of October often bring us stormy weather as well as volatile markets. Given ongoing fears of a large scale sell-off another momo update seemed appropriate.