This post was just published on ZYX Short Sell Change Alert.
Consider initiating or adding a 20% tranche to SPY in the zone of $201.o00 to $204.75, preferably in four small scale ins. Temporarily no stops or target for those with longer term orientation. Those with very, very short-term orientation may consider a mental stop over $205.77 and a target of $188.80 to $192.67.
This is suitable only for aggressive investors as the risk of loss is high.
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(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
FOMC minutes show that the Fed has become impotent to normalize monetary policy. In our analysis, the Fed becoming impotent significantly raises risks for investors. However, this is a lonely view at this time.
Investors celebrated Fed’s impotency by buying everything other than the dollar. Even beaten down currencies of Malaysia and Indonesia are rocketing.
In our analysis, the investors are looking in the rear view mirror.