Navigator Algorithms – 100% Invested
First, a couple of housekeeping items. I am operating from a hotel this week as I am working on a couple of California projects. Some of the security firewalls are blocking my automation. Stay tuned to the website at www.BluPrintTrading.com just in case something does not make it through. For now, I am sending links through Mailchimp.
So Gab.com is adding nearly one million users daily as it has become the “Big Tech Proof” alternative for the 75 million Trump “Deplorables.” The Christian family who runs Gab was way ahead of their time and saw this day coming. This is the first evidence that the eco-system for the other half of the country is well underway. Meanwhile, the political establishment is well on their way to squashing the Trump movement. It is not likely to work, seems unwise and may even strengthen the movement. Twitter (TWTR) and Facebook (FB) have jumped over the cliff – well-deserved for everyone but their shareholders.
The market is yawning at most of this, though it remains lofty. Today, we will get a peek into the Biden economic plan. That might give the market some further direction. We are in around 3801.25 on the S&P 500 futures with an initial target of 3830. We will continue to use the 5-day EMA as our stop and that sits around 3798 this morning.
It has been quite a week. Slowly but surely, things will settle down and we will get a better idea as to where the market wants to focus. Volatility will remain higher than normal until an intermediate correction finally presents.
Stay tuned,
AF Thornton