SMART MONEY SELLS THE STRENGTH IN STOCKS – POWELL RESOLUTE, MASSIVE LOSSES IN OIL
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Powell Resolute
In Q&A at Cato Institute, Powell is resolute. The momo crowd bought stocks yesterday ahead of Powell Q&A. Please see yesterday’s Afternoon Capsule for details. The momo crowd was also buying in the early trade. Smart money is selling into the strength.
Powell is still answering the questions. Let us see if momo gurus are once again successful in either twisting Powell’s words or making a mockery of Powell to run up the stock market. Our indicator is negative.
Massive Losses
Please click here for a chart of oil ETF USO.… Please click here or the title below to read more.
September 8, 2022