SCT Issue #252
Over the next couple of trading days heading into the end of the week, we should see some wild and wooly action in nearly all markets.
Yesterday’s stock rout is one reason why. Traders are nervous. In addition, a possible Fed interest rate hike is on the horizon. Though I don’t think the Fed will hike rates this month, many market participants do, and that’s enough to add to increased volatility.
We also have Friday’s unemployment numbers for August, and a three-day weekend coming up with the Labor Day holiday.
So expect some wild moves over the next few days – jittery, anxious type of trading.
As to the major trends, they remain intact and will not change. Stocks are headed for new lows later this week or next, gold is basing and preparing for another short-term rally. Oil should rally one more time (which we will use to get short) and European markets remain weak at the knees.
Meanwhile, the euro is preparing for another nose-dive and the dollar, for another rocket ride higher.
There are many opportunities coming up, so stay tuned to your inbox. Hold all open positions and related protective stops.
A couple additional notes for today:
FIRST, in yesterday’s issue, I commented on front-running my recommendations. Those comments stand.
However, it seems that members who also subscribe to my Real Wealth Report were not sure which recommendation I was talking about, since Real Wealth Report members do own shares in ProShares UltraShort FTSE Europe (EPV).
I apologize for any confusion. And to clarify further, please note that ALL recommendations that you see in Supercycle Trader relate only to Supercycle Trader.
Real Wealth Report recommendations are not discussed in this publication.
Real Wealth is for core wealth, for long-term protection. Supercycle Trader can and will at times own similar positions, but will be trading in and out of them on very short-term time horizons and typically with different protective stop orders.
So for Real Wealth Report recommendations, ALWAYS refer to the monthly newsletter or any flash alerts I issue.
For Supercycle Trader, everything you need to know can be found exclusively in its published issues.
SECOND, if you would like to receive text or SMS alerts on your mobile phone for Supercycle Trader issues, please contact Customer Care at 1- 800-291-8545 and one of our representatives will get you set up.
Best wishes and stay tuned …
Larry
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