Short term peak in RATES?

⚾PRE GAME WARMUP

It's turnaround Tuesday...

They're starting off "in the hole" as Mrs. Market sold off following yesterday's close. Getting right down to the numbers and setup, We've got an early bear pivot at Login here...

Getting below opens the door for two things, first to run a test of yesterdays low around 428.72, and then some unfinished business with a spike of Login here. Any more downside action will be posted in real time as and if needed...

On the other hand, there's a bull pivot at Login here which is the bull case for another rescue operation attempt. Getting above and staying above opens the door for a run toward yesterday's close around 432.25 and some unfinished business above...

Volatility is a traders best friend and creates a two way tape for traders willing and able...

Click here to Day Trade LIVE with David

🎬THINK IN PICTURES

The talk of the town is the US Dollar index or Dixie as it’s referred to in trading circles. Above you’ll see the near term resistance zone where price should not be able to simply waltz on through or whistle past the grave yard.

The media frenzy has already begun with rates and the dollar going higher. They fall into the trap (every time) of thinking what’s happening now will continue to happen in the immediate future. What they don’t realize is once they’ve jumped on the ban wagon, it’s normally close to the end of the current move.

🌗RECYCLE TIN FOIL HAT

The weekend tin foil hat event could be taking hold if markets continue to bounce. Up next in the Foil series is a Harvest Moon in the early morning hours this Friday September 29^th.

These are awareness type things where markets can mysteriously shift or change trend. They’re energy related…

Share OnTheDocket

You currently have 0 referrals, only 5 away from receiving Free Month InsideTheNumbers LIVE.

Or copy and paste this link to others: https://onthedocket.mystrategicforecast.com/subscribe?ref=PLACEHOLDER

💣WRECKONOMICS

Front and center this week are the UAW strike. If these events last for an extended period of time, nobody wins as the auto industry reaches high wide and deep into the American economy.

Once they make a deal, everyone losses anyway since the new UAW contract will be funded by the consumer paying higher prices for cars.

Pleasure and pain. The higher interest rates go, the more pain consumers will have to endure. How much is enough you might ask…

For well over a decade, retirees (seniors) who were only interested in near risk free investments such as CD’s, Treasuries and other short duration bonds were screwed by the addiction to low interest rates. They were forced to step out on the yield and risk curve to make the money work for them. Now it’s their day in the sun.

It’s always a zero sum game. For every winner there’s a loser.

There’s always something for everyone…

🩺PSYCH WARD

First loss best loss. One of the biggest struggles for new and old traders alike is learning how to take a loss.

Too many traders will alter the original trade plan if they’re out of the money. They continue to average the position down in hope for a bounce back.

If the trade changed and the chart changed, then you need to change along with it. Admitting we’re wrong is not just a trading limitation, but a life limitation. We always hear excuses and the blame game for anything that was unexpected.

The adult thing to do is say it out loud, “I was wrong, the number was wrong and trade idea was wrong.” Since the conditions changed, it’s time to cut and run in the spirit of first loss best loss…

The one we hold for the hopium bounce back is the one that never does…

🏆MEMBERS SAYIN’

You put such a clarity and “de-emotionalize” this in a way I’ve never seen before.  Greg S.

Calmness is replacing fear and anxiety, getting angry, etc. Since I've joined the room I've begun a process of stripping out the previous habits. Mark B.

DISCLAIMER STUFF: Nothing found in this communication is financial advice. This newsletter is strictly educational and not intended for or should be thought of as investment advice or a solicitation to buy or sell any assets or to make any financial decisions whatsoever. Please be careful and always do your own homework.