Momentum Monday — I Had a Nightmare…

Jan 22 · 2 min read

As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.

We are entering month TWO of the government shutdown. The markets enjoyed the first month gaining 10.5 percent…a shutdown record.

Using my fingers and toes I have extrapolated a gain of 125 percent for the markets this year if the government remains shutdown.

Just in case my simple formula does not work, Ivanhoff and I decided to make this episode of ‘Momentum Monday’ (click to watch).

I’m looking for the markets to regain their 200-day moving averages to put more money back into the market but won’t be shy about trying a few breakouts we covered in the episode with smaller position sizes.

Have a great Monday.

Originally published at Howard Lindzon.

    Written by

    Chairman and Co-Founder of Stocktwits..GP of Social Leverage, Wallstrip creator (purchased by $CBS)..Momentum, Acceleration & LOL hunter..Love Popcorn

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