SPX - As we rally into the 50% retracement area caution should prevail as our February recovery rally failed at that point and after we stalled the market fell to lower lows.

                                      Storm is not going away yet !

Don't feel bad when "stopped-out", it simply means begin again at one level higher.

Talking heads are talking about sector rotations, sure there is a rotation, but into cash.

'Your current limitations or failures are the building blocks from which to create greatness. You can go where you want to go. You can do what you want to do. You can become what you want to become. You can do it all, starting now, right where you are.'

If you can't make money trading, all you have to do is change the rules.

Some of the best stock traders in the world are now over 90 % in cash. What are you doing?

'When in doubt; THINK.'

'The best way to predict the future is to create it yourself.'

Most people don't design their lives and the results are clear for everyone to see--most people are merely average. You don't need to settle for average. You don't need to accept your life for what it is. Because the choice to change is up to you.

As rates continue to rise, it is no surprise, a number of financial stocks are going higher. Higher Treasury yields can give a boost to bank earnings, because that can increase the spread between what the banks make on longer-term assets and what they pay for shorter-term liabilities. With rates continuing to rise, banks could further benefit.

"Find something you would die for and live for it."

'Wall of worry is the financial markets’ periodic tendency to surmount a host of negative factors and keep ascending. Wall of worry is generally used in connection with the stock markets, referring to their resilience when running into a temporary stumbling block, rather than a permanent impediment to a market advance.'

Enjoy your wins while they last as always nothing remains too good for too long !

Have a great weekend!

The U.S. Department of Justice said it would discuss concerns that social media platforms are "intentionally stifling the free exchange of ideas".

https://www.tradingview.com/x/fNBBX48t/

Last week was tough for leading momentum stocks with most selling down as money rotated from growth stocks into more defensive names as well as stocks in the Dow Jones Industrials. Last week could be just the start of more volatility to come for the next few weeks.

Stocks traded sideways on this last day of August, wrapping up the week modestly in the green and leaving the S&P 500 higher by 8.5% year-to-date.

https://www.tradingview.com/x/XXZebHdj/

'It’s official. By one widely accepted definition, we’re now living through the longest bull market in US history. The S&P 500 marches on, now having gone a record 3,452 consecutive days without declining 20%. That beats the old record-holding bull market that ran from 1990–2000'

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

The S&P celebrated last week by touching all-time highs for the first time since late 

January. Nothing can stop US equities lately: In the last few months they’ve 

shrugged off news of trade wars, the Trump investigation, emerging markets 

contagion, and a 20% plunge in Facebook (FB).

It’s not just American stocks flexing their muscles. The US dollar is also ripping to

2018 highs, driven by the Federal Reserve’s monetary tightening. The Fed

continues to raise interest rates, while most other central banks around the world

are either standing pat or easing.

As Real Vision subscribers know, the dollar is the “key to everything.” Dollars

grease the wheels of global finance. When they are cheap and plentiful, markets

tend to be calm and happy.

But a rapidly rising dollar can cause a lot of pain, as any investor holding emerging

market assets will tell you. Many EM currencies, like the Turkish lira and Brazilian

real, are getting annihilated. EM stocks have been tough to own as well. The

popular ETF VWO has tanked about 20% since January, putting it in official bear

market territory.

'Over 60% of Top 100 Cryptocurrencies have no working product, study claims'

https://news.bitcoin.com/over-60-of-top-100-cryptocurrencies-have-no-working-product-study-claims/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

'The interview has a good amount of solid professional information in it as it pertains to finding trading edges, successful system development, and proper money management, along with a number of pertinent topics that apply to all short-term traders.'

Even though Turkey is a small country, with global markets still on tenterhooks economically, could this provoke a domino effect?

With yet another country to face a currency crisis, this time in Turkey, the European Central Bank is getting increasingly concerned about the exposure of some banks in the region -- specifically from Spain, Italy and France. Meanwhile, Asian markets are selling off as the rout spreads. Perhaps Turkey will become another country to become bitcoinized, much as we have seen over in South America.