MARKET COMMENTARY: 6/15/18 by Woody Dorsey:
NEAR TERM: Welcome to the Ides of June. Markets are not about any 200 Day Moving Average or any twitter News. Markets are about energy or more accurately, Market Prana. And Prana is joined to Feeling. It is not what they call “Animal Spirits!” Market Energy is real and more important that Pundit Podia. The Timing of Feeling is an art. Positive emotions are not the opposite of Negative emotions! It is interesting that my proprietary sentiment registered 97% Bullish over a week ago but stocks have actually been stodgy since then. Now, as you know from my work, there is a typical corrective profile coming. Thus, the Timing of Feeling augurs a change in Market Prana. The Market is changing, near term. The fact that it is Friday Post FED etc. fits with the Ides of June indicant. Don’t believe in such things? Good. In my experience, most investors are not really interested in how the market moves. They are only interested in just being Right or, Beating the market. They believe things like, President Kim and Donald Trump have a lifelong commitment to World Peace and that all assets should only be going Up. You know what my profile is here. It is the Ides of June. Enjoy Reality. Peace Out? TGIF. Thank you Mr. Market…for keeping us all so entertained.
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