The market opened up for a brief moment this morning. It then sung down because of the bear force is too much for the bull today. The bull is very tired right now. The bear in the upper hand. Here are the reasons: surge of oil price causes inflation (shipper charges merchant for higher cost of shipping goods, merchant charges consumer for higher price of the item sold); more FED hike(s) are coming (limiting spedning by businss and consumer) causes economy to slow down (high price causes consumer to spend less); Recession in the making? That is the question for the traders.
Right now, stay on the sideline and watch.
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