[vc_row][vc_column width=”1/1″][vc_column_text]Crude oil prices fall 3.3%, thirty-year bond rates fall eight basis points to 2.9%, and stocks bounce… what more can you ask for? The tug-o-war for direction continues and the clarity issues isn’t getting any better. If anything it is getting worse. It is like watching the opening scene to the move “Jaws”… ‘just when you thought it was safe to go back into the water’…. music plays heavy base note to get your attention and you see the shark come up out of the water to eat someone! That defines the market to me currently. False sense of security on the positive days are followed by the shark eating your stocks on the negative days. All I can do is repeat the same old warning… stops in place, extreme discipline, and patience. Take it one day at a time and do not assume anything… validate everything. Do that and you will get through this mess just fine.
Today I am recording a video update to look at some the charts, what they mean to me and what they mean going forward. There are some good things, there are some bad things, and there are just some things we need to be aware of… with that in mind, listen, agree, disagree, but most important manage your money according to your risk and objectives.
Tomorrow is the Jobs report and it promises to keep it interesting.[/vc_column_text][vc_video link=”https://www.youtube.com/watch?v=whYOT9y-5dE”][/vc_column][/vc_row]