hi all, well right now the summer of August is coming to an end fast so the next two weeks is going to be interesting. I believe we can see some moves that will go much higher on all markets. However we need to be very cautious of what is coming and can happen any day. I can see us having record moves in the DOW again and another crash again? So these next two weeks are for those who can handle the moves and after August is who knows? As we get closer to the Fed decision in September and everyone is thinking rate cut? or a War? or anything goes...right now the next two weeks of August i honestly believe this is it, to make money and get out of the markets. CASH is king and time for traders or make money now all depends on what you own in August. Lets look at the Fear and Greed right now and seems to me the market is now in Greed as the share prices are in greed mode again to take advantage of the crash we had two weeks ago. So market momentum is full Greed, one thing to note is market volatility is Neutral? This is why for the first time i see some postivie moves in the next two weeks. So whatever you own make sure you take profits over the next two weeks! check out the latest on the Fear and Greed website...
https://www.cnn.com/markets/fear-and-greed Now as for the CME Fedwatch the 31 days count down is still a long way for a rate cut and we show at least one cut? Nothing much as Canada already did two small cuts to rates. So right now for the next two weeks August summer should look great and positive until something or a news annoucments starts a sell off and everyone gets out before September. so see the link
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html As for the US Buffet Indicator we are over valued again and we could see a record 200% in the next two weeks. This is bullish for the markets but very bad for all of us as we know another crash is coming or correction at some point after the summer. This website is so accurate always monitor it once we correct like last two weeks and hope for now we make money to end August. see the link 194% and counting.....
https://en.macromicro.me/charts/406/us-buffet-index-gspc Now i have some charts on FFN, DF and GOLD!
FFN, new target is now $7.50 and all depends how fast we pass $6!! I did post over the past few months on $7 and with August ending and rate cuts if they happen in 31 days. This stock will move as the markets look for GREED and this one is going much higher. The dividend is a key part of it and why not! over 11% payout per month with a DRIP you can invest your dividend with cash or shares. Remeber if we move towards $7 take profits as i have seen this stock move .25cents in a day!!
DF stock, nothing has changed as the price is way too low and with another dividend payout this stock can only go higher. The target is unknown as we could see close to $5.60 to end the month. Nothing to scream about as the next two weeks of August will be cloesly watched on the markets move. So take profits and DF stock does not need volume to move .20 cents in a day. We have seen this before so be ready. see the chart below on this one....
Now as for GOLD, i mentioned a target for $2500 months ago and a high was $2600 or more. One target that i did call out is Agnico Eagle $125. So we need to watch GOLD over the next two weeks and see this metal go higher and go into mania phase!! see the chart below....
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