John @market_sleuth
God is the source of my purpose: Job 42:2 | Started unraveling stock market riddles in 1992ššš | I also play synthesizers. š¹ Annapolis, MD Joined September 2022-
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24 hours market should only be used to sell your shares to fake liquidity and retail chasing out of FOMO. NEVER buy shares in 24 hour market. No matter what the news are. Only sell and you will rebuy it cheaper intraday. This actually works 9/10. I even want to say 10/10. Iāmā¦
As I posted Friday, the government shutdown fear mongers are sadly misguided. In 21 shutdowns since 1976 thereās never been a major market sell off in any of them & most result in rallies. $SPX up 34 handles as I type this. š½
Just a headās up going forward Iāll no longer be posting on weekends. Iāve decided that social media brings too much distraction & while I enjoy sharing market insights when weāre trading I want to devote weekends to digital detox. šš¼š
Across 21 government shutdowns since 1976 (totaling about 100 days), the S&P 500 has risen about 55% of the time during the events, with an average return of just 0.3%. Longer shutdowns like the 35-day 2018ā2019 event saw gains of greater than 3%. Of the 21 shutdowns since 1976,ā¦
$SPY closed near the HOD & VIX crushed under its 50 dma & $SPY moving higher AH over $662. Nothing negative to speak of here. Back to new ATHās is likely. Trade the market thatās in front of you.
Todayās $SPY volume is 35% lower than yesterday & utilities are the market leader today. Thatās all I need to know. šÆ
$SPY update: One more push up into early October. Daily is still bullish unless we have a limited down next week due to governmentā shutdown.
Take a minute & listen to what Voddie said about race. He was so on point. Another great voice taken too soon.
Yesterday the world lost a great man of God. Voddie Baucham, Jr. Author of 9 books, pastor, educator & a brother in Christ. His passion was developing men of purpose. A true leader & shepherd. šš¼āļø
In 3 decades of trading the government shutdown āFinancial Armageddonā ritual is the biggest nothing š there is. Every Single Shutdown is resolved. Almost all in the 11th hour when the cash market is closed. End of PSA. š¤£
$SPY back tested the ascending wedge & filled the gap at $662. It got a nice smack down. I expect a choppy day onward & wonāt trade until the close (maybe). Next week is EOQ on Mon & Tues & they tend to be prone to whipsaw.
US CORE PCE PRICE INDEX: MoM: EXPECTED: 0.2% ACTUAL: 0.2% YoY: EXPECTED: 2.9% ACTUAL: 2.9% No surprises. As forecast.

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