I promised you a comprehensive momo update and just like a Lannister the market mole always pays his debts. Except here at the lair you won’t have to wait almost two years for new episodes. Come rain or shine, I deliver daily and I’m known to spoil my intrepid subs in particular. That said, if the GOT producers get away with taking an 18 months break, all the power to them!
Emotions are running high wherever I look, and I am not excluding myself as a year full of volatile gyrations have left their mark, whether or not one is willing to accept it. From the onset of Evil Speculator my main mission here has always been and will continue to be to keep you guys ahead of the tape by providing you with as much actionable and objective information as possible. And there is a lot to talk about today, so let’s get to it.
Once again equity indices have become stuck near important inflection points, which incidentally in my book are key thresholds from which shifts in momentum and trend changes can be triggered.
No matter if you are bullish or bearish – this will most likely be the most important update of Q1 2019. So it’s once again time to forget about the daily noise, take a few steps back, and look at the market from a 10,000 foot perspective.
I know – great timing on calling in sick on a sell off day like yesterday. But in my defense, the possibility of a pending medium term correction was discussed in rather exhausting detail in last Friday’s momo update. So plenty of ahead warning and if you cheaped out of a membership and blissfully bought the dip again on Tuesday, well then you only have yourself to blame.