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Market Action Suggests a Breakout Move

Market Action Suggests a Breakout Move - The Bubba Show
Original air date:  September 11, 2017

Todd "Bubba" Horwitz on Liberty Talk FM - Image Rotator Photo

BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: September 11, 2017

Bubba and Jane King Discuss DACA

The first weekend of football is over and the markets are still in disarray. Today on the Bubba Show, Bubba talks about the market action and the major consolidation pattern they are in. They will break out eventually, either up or down, but they will make a move. This is typical market action as markets spend 65% of the time in this same formation.

Jane King from LilaMax Media stops by for her weekly chat with Bubba and they talk about the meeting between Schumer, Pelosi, and Trump, as well as DACA. Both agree that the meeting is a start, though Bubba would like to see changes to the debt ceiling. Jane tells Bubba about the contract she made her son sign to get his new phone.

Bubba goes on to discuss the geopolitical forces at work, specifically China and how they are trying to bully the United States by threatening to back North Korea if the United States attacks first. Bubba doesn’t take kindly to the threat from China and believes the United States must reclaim its role at the top.

Then there is the debt ceiling and while Bubba understands the tragedy surrounding the natural disasters in Houston and Florida, is there another way to handle the problems there without using the debt ceiling? Bubba is tired of being taken advantage of by the dollar and the actions of the Federal Reserve.

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About Jane King

Jane King PhotographWith 15 years of covering money news, Jane King has been bringing her audience not just breaking economic news but also “pocketbook” issues. The decisions moms make at the supermarket, high school students weighing various colleges, helping young couples buy their first home.

[Full Bio at LiliMax Media][Follow Jane King on Twitter]

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Follow Todd Horwitz:

Host

Todd Horwitz began his career in the financial industry as an option market maker at the Chicago Board of Options Exchange in 1982 and was one of the founding traders in the SPX pit. He is an active member of the am currently a member of the Chicago Board of Trade.

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