Update to the Market and Expectations

I stopped writing my blog a while back because I went to a trading class to learn to be better. I have found success in trading, but more importantly cutting my losses quickly, being more patient if to wait for my trade to be in favor, and switch positions when I got the direction wrong.

There is money to make going up and down. The bull market is still alive, but needs a pull back to go higher. Recessions are started by bank failure and we don't have any bank failure. We have banks that did some unethical practices, but they are not going out of business for it. As a matter of fact these banks have money set aside for such regulatory fines Wells Fargo and now Goldman Sachs is being dealt.

On Wednesday, I don't believe that the Federal Reserve will raise interest rates because lending is down, unemployment is going to rise, and the trade issues are hurting everyone. Unfortunately we still have Tuesday to get through first.

Tuesday always starts first in Asia and their markets are going to open lower and fall further. This will make our futures go down over night and we will open lower than today's bottom. The average retail investor will sell right to the people with the big money who are buying. Tuesday will be not go straight up until we know what is happening with the Federal Reserves interest rate hike.