Cycle Trading

[Duma]

I WROTE THIS YDAY EVENING, BUT DIDN'T HAVE TIME TO FINISH IT

I listened to Charles Payne while I was eating lunch, and he had a very different take on reduction of interest rates.

His comment was that interest rate cutting does not cause the market to fall, recessions do. So there is nothing that says just because the FEDs are staring to cut interest rates that the market will fall. If we go into a recession, then it will fall.

So then the big question, are we going into a recession. Somehow this economy seems to keep ticking along. I would have to say that the likely hood of a recession is less than 50%, which means the market could be very good.

So I am back to my usual comment, don't worry about what could happen, just trade what you see on the charts.

I had very little time last week to look at my stock charts, so I missed some good buys. However today was a pull back day (I think, we will see tomorrow go up), so I took advantage of it and bought AMD, GOOGL, META, NVDA, and TSM.

AMZN MSFT NAIL and NFLX were all good buys, but I will not chase.
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