“Tonight I would like to update some of the PM stock indexes that have been trading sideways for about a month now frustrating both the bulls and the bears alike. This might seem counterintuitive but a rally that moves higher, consolidating along the way, has a better chance to succeed vs one that goes straight up. It’s not as much fun living through these chop zones, but this is the way the markets work. The January 2016 rally in the PM stock indexes was a lot of fun because the move was so vertical, but then came the pain starting seven months later at the August top which can still be felt today.”

For members

https://rambus1.com/2019/01/16/wednesday-report-231/