The Unemployment rate is rigged at 5% here in Oz and in the US, thats stating the obvious, we all know that.
But Trump is getting a few more jobs back, so hopefully things are improving regardless of the official rate, there is better times now with Trump in making jobs and cutting taxes.
Those tax cuts should flow through to a Company earnings boost, and that could kick the bull right up the backside and get it jumping again.
So based on lets say its a given that the next reporting will show company profits up across the board from the tax cuts, it should then make stocks jump, so that makes the little pullback in the US a bit of a fake down.
The Volumes were high on the 3 stocks I hold but the Volume vanished 2 weeks ago, and obviously the US markets were setting up for a pullback, that many didnt expect.
There is only so much you can predict with charts, you can only see whats just happened and then try and guess whats next. I cant watch charts and read reports 24 hours a day, so I cant be as good as a team of 5 or 10 that are all looking at every possible Chart and compile a trade management plan as well as a Trading team could.
I just do the best I can, quite often and mostly Im right, but the last 2 weeks Ive been wrong. If any of you saw my posts ages ago on other stocks Titomic, Clearvue ,Youd see I predicted alot of moves very well, and it pays my bills.