Strength Coming Back to the Market
Welcome to the Rude Awakening weekly review.
Recording just before the market open, markets are looking strong going forward, up above the 50day MA.
This is a good sign for bullish investing.
Some news items worth noting…
Numbers Hitting the News
U.S. retail sales numbers came out today, 1.9% up versus a 0.7% expectation.
Retail sales are still strong in the marketplace!
Industrial production numbers also hit, and they were down but not as much as was expected.
Both of these rates being higher than expected has given the markets a boost.
It bears repeating, like I keep telling you…
We are in a bull market.
Just look at the overall S&P futures chart here.
We have had some pullbacks, to be sure, but we’ve seen that 50day MA (the grey line) working as a nice level of support for us.
We are still above that 50day MA. As long as we continue this pattern, it means we’re in a bull market.
In today’s video, I’ll share the results of our Pro level service so far.
In total, we have seen 15 winners in this beta test, out of 16 trade ideas. We’re clocking a win rate of almost 94%! And we’re just getting started…
The Rude Awakening Pro is off to a phenomenal start.
You will be able to join that service, and find out about all the amazing bonuses that come with it, next week.
Watching the market today will be interesting.
Seeing strength coming back in is good for the bulls, but as you know, traders can make money off any market.
That’s it for this week.
We’ll talk again Monday.
Editor, Rude Awakening