The market direction the day before the Labor Day holiday will be decided by one of two things.
Either it will sell off due to more news / rumors about Russia invading Ukraine, or it will float up into the long weekend sending everyone home in a good mood and willing to spend money like good little citizens.
Of course, I say some of the things about Russia and the markets tongue and cheek. It is a serious situation, the sanctions are and will be real, and as long as the market participants deems the news negative, then that’s the way we’ll play it.
We go into next week with our eyes wide open, ready for the necessary signals of a market turn. Once we get it, we get going.
Tonight’s video is short and to the point.