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Market Musings

The week ended in another upside move. Although with most indices under water for the year, perhaps, it is just another bear market rally.

The YTD data for most major stock indices remains in the red.

The Pro Farmer Crop Tour begins August 22 and should provide important data about 2022 crop yields for corn and soybeans. There is considerable concern over crop damage from heat, unusual rain and other climate concerns.

Inflation data continues to be worrisome and the #1 concern among voters headed into the mid-term elections.

The FED has indicated another rate hike at the next meeting of .75% which should help crash the housing market even further as prices in most markets are already slipping.

The Acc/Dis chart has risen past the red zone thanks to July's market uplift but setting definitive action points for trading positions will be key to retaining profits in this market.

Remember -- "Only purchasing power counts!"

It is difficult to find long-term trading opportunities with the future so uncertain.

By any reasonable measure, this market is dangerous.

Be careful ....

To review the 08/13 FlowChart, click here.

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