The opening segment of this week’s Notes From the Rabbit Hole (NFTRH 412) was intended to be a quick blurb but went on to become a five page exercise. It is shared publicly not so much because it is hard core analysis (which the rest of the report took care of), but because after a week like last week I think being a little wordy can be for the better.
I had a difficult week last week; a couple things had gone wrong and my schedule was just ridiculous. On Wednesday I was feeling pretty stressed out and wondering why I just can’t seem to catch a break. Then I looked up and saw a man with two hooks for hands walk by. It was almost as if he were sent into my view to straighten me out. screen-shot-2016-09-10-at-6-32-49-pm
Another source of perspective is a more obvious one. Today being September 11, I would venture that we all remember where we were and what we were doing on that day in 2001. I was working at my company. It was a normal morning and then it seemed like the world just stopped, except for the jet fighters that were putting a lock down to the sky above us. It seemed like the world then magically came together for a few days… fast forward to today’s divisive, sad and hateful political theater.
The stock market? A piece of cake, when you’ve got your head on straight. What I see after taking a look at sentiment, is that while we could get a bounce, something probably started on Friday and I don’t think it will be finished until it tests the 2100 area on the S&P 500 or possibly, the 200 day moving average (currently 2057).
This post was published at GoldSeek on 11 September 2016.