“Who knew he was really talking about the NDX100!?”
No matter what they throw up on the wall … bad economic numbers,
gibberish from FED Pie Holes, bad China news, whatever … it makes no
difference, stocks keep marching upward in the classic FOMO [Fear Of
Missing Out] FED manipulation game currently being played.
Directly below, this week’s 20 Day Range MA charts.
click on any chart to enlarge
A slight uptick in ranges for the SP500 & gold, but basically gold is going
sideways for the foreseeable future. With no rate cuts on the horizon, and
stocks marching higher, people mistakenly think there’s no reason for gold
… they’re wrong of course, but gold only matters when it does … not
before.
Onto the week … until tomorrow mi amigos … Onward & Upward!!
Have a great rest of your weekend everybody!
-vegas
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