Kansas City Shuffle

One of the more important lessons we’ve learned from participating in markets for the last almost two decades is that the Kansas City Shuffle is very often a very reliable move. What are we talking about you ask? Well, when everyone is looking right, go left. Still, what are we talking about? In a nutshell, the market has become very bullish, despite the enormous amounts of negative economic data and overall headwinds.

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It’s buy time!

Once again, we come to you with charts that are bullish in an economic landscape that is everything but. Like we’ve said many times though, our job as traders is to follow the market and take the opportunities it presents to us, not to ‘make sense of it all’. So, while we could ramble on about all the various macro headwinds like U.S. government and student debt, stressed liquidity and bank balance sheets, looming recession and so many other factors that cause worry, we will not. Instead, we will simply quote Jesse Livermore for the millionth time and say ‘a bull market climbs a wall of worry’. It’s buy time!

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