A MARKET THAT DESERVES TO BE UNANALYZED
The financial media HAS to develop a reason for every market swing. If, at the end of the day, a CNBC anchor comes on the air, proclaiming that the market went up 75 points for no reason whatsoever, they have failed at their profession. Fortunately, my parameters for success and failure are much less rigid. I am not beholden to satisfying anyone with my market prognostications, commentary and analysis. This forum for sharing my ideas is a breathing, living record of my analysis. Along the way, I am hoping it allows some to profit and more importantly, learn from all that I have to share.
With that said, I have no problem stating the following: The picture the market is painting at these levels is short-term confusing and deserves to be unanalyzed. I know, unanalyzed isn't a word. It is the only way to explain how to treat the market in the week ahead, however. There are short-term points in the market that don't deserve analysis. As an investor, these are the points when you unwrap the tentacles of your mind from anything having to do with the market.
Just like the CNBC anchor who comes up with ludicrous reasons for the behavior of the market on any given day, you are no better as an investor if you feel that a thorough analysis of the market is necessary in every environment.
The reason I am unanalyzing the market this week is because of all the short-term conflicts that are sprouting up like a poppy farm in Nangarhar. Financials are conflicting with technology. Commodites are conflicting with each other. Transports are conflicting with industrials. Small-caps with large caps.
And the creme de la crepe in all this is that we have a market that is a dancing monkey to a group of politicians who are not only Machiavellian in nature, but misinformed as to the dynamics of the economy as a whole.
Does this mean the market sucks from this point forward? No way. Does it mean my price target for year end is in jeopardy? Not at all. It just means that unanalyzing things for the first half of next week is what makes the most sense.
I'll be providing further clarity into the situation with my weekly chart review tomorrow.
