Countdown…..

All’s well that ends well….

Market is hovering near highs waiting for the Fed Comments tomorrow…. Doves say there jobs growth is slowing, layoff are picking up and labor market is fragile while hawks say inflation is above the target, and could re-ignite higher inflation which we has taken two years to kill.

All that really matters is the Market’s “reaction”.  The market makes the news, not the other way around.   Bull markets need “participation” and Stock above the 50d is a good start and there is room to run.  The Oct- Nov. strength in healthcare, biotech, energy and chips were just fine but if we can get the Risk-On names such as uranium, quantum, space, IPOs to re-engage, then we can really have a Santa Clause rally 

Some names from the Rain King Focus List enjoyed good price action:

FROG leaped forward +6.3% 

AVGO  – our biggest position was +1.3% ahead of its earning report Thurs ATC

GLW – our Mon purchase looks ready to launch as it was +3.2% today with 2 of the four days sporting OEL candles

DY has not been cooperating with our pullback buy setup yet……if there is a Fed induced rally, DY could be played into strength as a Focus List Setup as a Mini Coil with $358.34 entry pivot.

It been a challenging market the entire Fall with stocks “rising when the typically fall” and “falling when they typically rise”.   GMU will be out Thursday night as I am traveling Friday.    I will share some interesting stats from the Oct 1 – Dec 8 Trading Period.  

Trade Well

J