Markets Slow and Painful for Traders

The Bears Have Given Up

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Bubba is back from the weekend and firing on all cylinders as he talks about the fleecing of America. The political system is a joke and members of the house and the senate will never get anything done because it doesn’t have a direct effect on them. They will fight President Trump forever because they are greedy snakes.

The markets continue to go higher and the calls are that this time is different. The bears have given up, which is a sign that the markets are near their top. Bubba wonders about the weakness in the dollar and asks the question: Why is it that the last time the dollar was this low gold was 10% higher?

Matt Demeter of DemeterResearch.com makes his weekly visit as the technical expert for the Bubba Show and Matt expresses his frustration at the way markets are trading. Bubba comments on now painful the markets have been from a trading standpoint, Matt agrees but says that’s why we use stops and discipline when we trade.

Matt and Bubba discuss the dollar and what their expectations are. They get into the commodity space and both agree that oil has peaked once again and should go lower, Bubba is feeling $40, while Matt thinks $42. Matt has turned bearish on Hogs and sees the top as he looks for a sell off.